PROJECT

Projects

Summary of Investment Information

Project Number

50781

Company Name

Banco Bolivariano C.A.

Date SPI Disclosed

May 7, 2025

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Jun 10, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 24, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 26, 2025
Signed : Nov 20, 2025
Invested : Dec 19, 2025

Sector

Commercial Banking - General

Project Description

The proposed project consists of an up to US$120 million investment (out of which up to US$50 million for IFC’s own account and up to US$70 million for the account of co-investors) in biodiversity bonds to be issued by Banco Bolivariano C.A. The bonds are expected to have a tenor of up to 5 years and will mark the first biodiversity bonds to be issued in Ecuador.

                                                   

Associated Advisory Engagement

IFC is providing advisory services to support the Bank in developing its capacity to identify and finance biodiversity projects.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation