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COSTA RICA: Proparco provides a line of credit in support of SMEs

Signature Promeria
Between 11 and 14 November, Proparco took part in FELABAN, the Latin American banking sector’s standout annual event. Proparco marked the occasion by renewing its partnership with the Promerica bank via a $US 20 million line of credit to support the development of Costa Rican SMEs. These are the country’s economic lifeblood (i.e., SMEs represent 90% of all of businesses).
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Egypt: 225MW of renewable energy financed by Proparco

Panneaux solaires
Proparco participates in the financing of the construction and operation of 5 solar photovoltaic power plants delivering a total of 225MW of capacity for a total amount of €116 million. Through these operations, Proparco will contribute to prevent the emission of more than 3.8 million tons of CO2 and to the creation of more than 7,000 direct and indirect jobs.
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Cameroon: boosting access to microcredit for small businesses and farmers

Agence d'ACEP dans la ville de Mbalmayo
Proparco has just signed a financing agreement with Agence de Crédit pour l’Entreprise Privée au Cameroun S.A. (ACEP Cameroun, or Cameroon Private Enterprise Credit Agency), a member of the pan-African microfinance network ACEP International. The local currency loan of 2bn CFA francs (equal to €3m) will go to support the expansion of ACEP Cameroun’s work in Cameroon, with SMEs in the countryside as primary targets.
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Morocco : Proparco and IFC invest in pioneering moroccan Green Bond to boost renewable energy

Proparco and IFC, a member of the World Bank Group, are investing €35 million and €100 million respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in the country.

This is the first green bond issuance in foreign currency in Morocco, as well as IFC and Proparco’s first green bond investment in the region.
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Palestine: Proparco signs its first agreement to partner the Palestinian private sector

signature du prêt accordé à Nakheel Palestine
Thanks to a USD 10 million loan granted to Nakheel Palestine for Agricultural Investment (“ Nakheel Palestine ”), the No. 1 Palestinian producer of Medjoul dates, Proparco has made its first investment in Palestine. Nakheel Palestine, with the support of Proparco, will create around 350 seasonal jobs and generate more than USD 100 million in foreign exchange earnings for the Palestinian economy.
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Ecuador: Proparco invests in the development of a responsible shrimp farming group

Ferme d'élevage Songa
Proparco has granted a USD 15 million loan repayable over 8 years to Ecuador-based SONGA (Sociedad Nacional de Galapagos) to help boost its production capabilities. Nearly 450 jobs will be created both directly and indirectly over the coming years thanks to the development of this group, reputed for deploying best industry standards at all of its farms.
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