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IDB and IDB Invest To Provide USD300m Credit for Peru’s ENGIE Energía Perú; IDB Invest To Provide MXN1.5b Financing for Mexico’s Ruba

5 August 2022

(ENGIE Energía Perú | IDB) IDB and IDB Invest agreed to finance up to USD300m in credit for the construction of a Peru-based wind farm Punta Lomitas Wind Power Plant. Separately, IDB Invest agreed to MXN1.5b (~USD74m) in financing for Mexico-based housing developer Ruba, with a MXN500m (~USD25m) advance payment line for Ruba’s SME construction suppliers and MXN1b (~USD49m) in credit.