By committing USD 15 million in the Linzor IV fund, Proparco is promoting impact investing in Latin America, particularly in Mexico, Colombia and Peru.

Significant progress has been achieved in the education sphere since the World Education Forum in Dakar in 2000. In ten years, the number of children attending primary school in the world’s developing countries has risen - by more than 40 million in low- and medium-income countries. This progress has steadily spread into secondary and higher education, too. Yet wider access to education has often been attained at the cost of quality.

QMC Telecom International Holdings LLC ("QMC" or the “Company”), Latin America’s leading digital wireless infrastructure growth platform, today announced the successful closing of two credit facilities totaling $115 million. These two loans come on the heels of QMC Telecom do Brasil’s R$1.25 billion (~$250 million) debenture offering in late December 2023.

PROPARCO, the French development finance institution, has raised a total of 69 million dollars to finance these projects, with a co-financing from its German and Dutch counterparts, as well as from the Andean Development Corporation. As a result of this investment, the pioneering Marcona wind farm started to operate in May 2014, breaking new ground in Peru. Operational since 2016, the adjacent Tres Hermanas wind farm is now the largest in the country. With a total of 44 wind turbines, the two wind farms have a combined generation capacity of 129 megawatts.

During the health and economic crises which have seriously affected Peru, PROPARCO is renewing its support to BanBif via a USD 50m loan to support its financing activities to SMEs