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10 April 2018.

IFU SIGNS AGREEMENT WITH INTER-AMERICAN DEVELOPMENT BANK

IFU has signed a partnership agreement with Inter-American Development Bank to promote co-financing of projects in the private sector in Latin America and the Caribbean and support Danish trade and industry’s access to new markets.

In recent years, IFU’s focus has increasingly been on the Latin American market, and with a new agreement with Inter-American Development Bank, it is strengthened further. The agreement was signed with IDB Invest, the bank’s private sector institution, which like IFU is financing development of sustainable businesses to create economic growth and social and environmental improvements in Latin America.

– We have increased our financial commitment and the number of investments in Latin America in recent years, and with this agreement with IBD Invest, we are taking further steps to identify and participate in the financing of new, attractive projects, which can pave the way for Danish trade and industry, said Helle Bjerre, IFU Vice President for Latin America.

IDB Invest works with Danish companies

IDB Invest, which manages more than USD 10bn, sees this new agreement as an extension of its current involvement with a number of Danish companies, including Mærsk, Novozymes, Vestas and Lego.

The first step in the collaboration is to develop a pipeline of investment projects relevant to both parties, which can create solid results on markets terms and support the UN Sustainable Development Goals.

– We have come off to a good start, as we have already identified two relevant projects in Bolivia and Colombia and made it possible to share knowledge and experience to be used actively in new and existing projects, said Helle Bjerre.