PROJECT

Projects

Summary of Investment Information

Project Number

40189

Company Name

Banco Davivienda (Costa Rica) S.A.

Date SPI Disclosed

Nov 29, 2018

Country

Costa Rica

Region

Latin America and the Caribbean

Projected Board Date

Jan 10, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 6, 2025

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Feb 19, 2019
Signed : May 31, 2019
Invested : Jun 25, 2019

Sector

Commercial Banking - General

Project Description

 IFC will provide a loan of up to $60 million to Banco Davivienda (Costa Rica) S.A. (“Davivienda Costa Rica” or the “Bank”) to originate a pipeline of climate finance projects, including green buildings, lower carbon technologies and renewable energy projects that meet the green lending principles set out in the Green Bond Principles 2017.

Associated Advisory Engagement

The Advisory Services component will support the Bank in training of business development managers and implementing a checklist to identify and classify climate related projects in the Bank’s portfolio. This would allow the Bank to develop a value-added proposition for its clients to promote the implementation of climate-smart practices.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation