CAF seals third credit line under GREEN Operations

JBIC has agreed to set up a $200 million credit line for Latin American development bank CAF. The credit line, $100 million of which being financed by JBIC directly, is co-financed with Mizuho Bank as lead arranger, Joyo Bank, Bank of Yokohama, Hachijuni Bank, Bank of Saga, and Gunma Bank. The facility is intended to finance, via CAF, the necessary funds for environment-related projects such as the supply of water, the prevention of water pollution and the maintenance and upgrade of electric power distribution networks in the Latin American and Caribbean member nations of CAF under the GREEN Operations programme. The loan follows similar credit lines made to CAF in March 2011 and April 2016.