IFC Makes First Clean Energy Loan To Central America

Law360, New York (May 25, 2012, 1:46 PM EDT) -- The World Bank's financing arm signed its first loan to support clean energy in Central America on Friday, providing $50 million to Honduras' Banco Atlantida SA to fund small-scale renewable power and energy efficiency projects.

The International Finance Corp. said the loan will provide improved access to cleaner and more reliable sources of energy and promote economic growth and job creation in the country, one of Central America's poorest and most dependent on oil and gas.

It will also strengthen the bank's internal capacity to back...
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