The Board of Directors of CAF, Development Bank of Latin America and the Caribbean, has approved a revolving credit line of up to $150 million for Banco Santander Chile. This facility is designed to support the financing of green and sustainable projects, including those for micro, small, and medium-sized enterprises in global value chains, as well as mortgage loans for social and environmentally sustainable housing, and projects in energy efficiency, green business, and cogeneration.
Additionally, the funds can be used to subscribe to or purchase green, social, or sustainable bonds issued by Banco Santander Chile, further mobilising funds for ESG financing. “By facilitating access to financing for green projects and support for MSMEs in Chile, we are directly contributing to inclusive economic growth and the transition to a low-carbon economy that the country is promoting,” said CAF Executive President Sergio Diaz-Granados.