The Board of Directors of CAF – Development Bank of Latin America and the Caribbean has approved a revolving credit line of up to US$150 million for Banco Santander Chile. Easy Goals Supporting financing green and sustainable projects in various waysSupport includes micro, small and medium-sized enterprises that form global value chains; mortgage loans for social and environmentally sustainable housing; and energy efficiency, green businesses, and cogeneration projects.
next to, Funds can be used to subscribe to or purchase green, social or sustainable bonds issued by Banco Santander Chile.which will help mobilize additional funds for this type of environmental, social and governance financing.
“This credit line to Banco Santander Chile confirms our commitment to sustainable development in the region. By facilitating access to financing for green projects and supporting small and medium-sized enterprises in Chile, We contribute directly to the inclusive economic growth and transition towards a low-carbon economy that the country is promoting.“CAF CEO Sergio Diaz Granados said.
This operation strengthens the relationship between CAF and Banco Santander Chile, which began in 2015, and demonstrates the continued commitment of both institutions to sustainable development and financial inclusion in Chile.
Grace Montgomery writes for News Collective, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.