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Grupo Promerica advances regional sustainability strategy with USD 50 million Proparco financing for green building in Costa Rica

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Grupo Promerica, Costa Rica 2025
Grupo Promerica, Costa Rica 2025 - DR

Reinforcing its deep-seated commitment to sustainable development, Grupo Promerica, one of the largest financial groups in Central America, is highlighting a new milestone in its longstanding partnership with Proparco. This commitment is demonstrated through a recent USD 50 million financing agreement from Proparco, a subsidiary of Agence Française de Développement Group, to its subsidiary Banco Promerica Costa Rica. The loan is aimed at expanding the financing of projects that promote sustainable and green buildings, directly aligning with Grupo Promerica’s corporate sustainability goals.

This transaction is a prime example of Grupo Promerica’s strategy to foster green development across the region. The financing is specifically structured to support the entire sustainable construction value chain. In line with the strategies of both institutions, 40% of the loan will be directed toward the construction of buildings certified under the EDGE (Excellence in Design for Greater Efficiencies) standard, while the remaining 60% will be allocated to mortgages for properties that have achieved EDGE certification. This dual allocation ensures comprehensive support for the development of resource-efficient, environmentally friendly buildings.

The EDGE certification is a global standard that recognizes green buildings achieving at least a 20% reduction in energy, water, and embodied energy in materials compared to conventional buildings, thereby accelerating the adoption of low-emission construction practices. This initiative contributes to building a low-carbon economy and advancing the transition toward sustainable growth in Costa Rica.

This partnership contributes to the Sustainable Development Goals (SDGs), particularly: 
● SDG 8 (Decent Work and Economic Growth): by improving the economy. 
● SDG 11 (Sustainable Cities and Communities): by contributing to sustainable urbanization and planning. 
● SDG 13 (Climate Action): by reducing GHG emissions. 

This partnership with Proparco is a testament to Grupo Promerica's unwavering commitment to sustainability across the region. By channeling capital into green infrastructure, we are not just building environmentally friendly structures; we are building a resilient future. The initiative in Costa Rica is a powerful example of our corporate strategy in action, demonstrating how we can align financial growth with positive environmental and social impact.

Ramiro Ortiz Gurdian

  • Executive Director, Grupo Promerica

This transaction reflects Proparco’s strong commitment to support sustainable development in Costa Rica and to strengthen its partnership with Banco Promerica. The transaction promotes more efficient and environmentally responsible construction, while also facilitating access to sustainable housing for Costa Rican families. We believe that such initiatives are essential to advancing a low-carbon economy and strengthening resilience to climate change. The partnership between Proparco and Banco Promerica Costa Rica and Promerica Financial Corporation will be further strengthened in the upcoming years as Proparco is committed to support their sustainable strategy across the region.

Françoise Lombard

  • Chief Executive Officer, Proparco

At Banco Promerica, we believe that sustainability is not just a purpose, but a responsibility towards our clients, communities, and the region. This financing represents a unique opportunity to expand access to green housing solutions and promote a more efficient and environmentally responsible construction sector in Costa Rica. Through this partnership, we advance economic development while contributing to global decarbonization goals.

Ernesto Leal

  • Chief Executive Officer, Banco Promerica Costa Rica