GLOBAL LEGAL CHRONICLE
Beccar Varela advised on the deal.
Banco Itaú Argentina secured a $50 Million Loan from International Finance Corporation (“IFC”). Banco Itaú Argentina will use 70% of the loan funds to finance “green” initiatives, expecting annual savings in greenhouse gas emissions by more than 35,000 tons of CO2. These sustainable energy initiatives will be certified under the “Green Loan Principles”. The bank will use the 30% funds remaining to finance small and medium-sized companies…
Key words: Banking & Financial Institutions