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By renewing its partnership with İş Bank, Proparco supports the agricultural sector in Turkey

Equipement d’irrigation en goutte à goutte
Proparco has granted a new 25 million euro credit line to Türkiye İş Bankası (İş Bank). Turkey's leading private bank, with a balance sheet total of more than 69 billion euros, İş Bank is a historical partner of Proparco, the first credit line between the two institutions having been signed nearly 10 years ago.
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2X Challenge exceeds initial target by committing and mobilizing $4.5 billion in capital towards women’s economic empowerment

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Logo 2X
Montreal, June 30th, 2020 - Just two years after the launch of the 2X Challenge at the G7 Charlevoix Summit in Canada, the initiative has committed and mobilized a total $4.5 billion in gender-smart investments. Founding G7 DFIs contributed and mobilized $4.1 billion, surpassing the initial target of $3 billion by the end of 2020. DFIs remain the primary source of capital towards the challenge (with their own capital representing $2.4 billion of the overall amount), while private sector financiers and other investors accounted for $1.2 billion and $0.8 billion respectively.
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PROPARCO and Société Générale Cameroun are supporting the development of the first certified green mall in Central Africa

Douala Grand Mall
Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation. Changes in consumer habits and the increase in purchasing power are giving rise to new needs for which a formal, modern and diversified offer is only just beginning to emerge.
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“3 questions to” Agnès Huang, investment officer for the Accion venture lab (AVL) project

Projet AVL
In 2019, PROPARCO invested in the seed fund Accion Venture Lab (AVL), which is considered as one of the top fintech specialists in Africa, Asia and Latin America. This operation will support the creation of structural start-ups for the development of the financial inclusion of populations.

Agnès Huang, an Investment Officer in PROPARCO’s Financial Institutions and Innovation Division (IAB), tells us about the expected impacts of this equity investment.
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“3 questions to” Thomas Bonnisseau, ESG expert for the Altiplano 200 project in Argentina

Panneaux photovoltaïques
In 2019, PROPARCO allocated a USD 50m loan to the French company NEOEN for the implementation of the Altiplano 200 photovoltaic project, located at an altitude of 4,000 meters in Argentina. For this operation, PROPARCO also assisted the developer and builder with the management of the environmental and social (E&S) risks.
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