In September 2017, OeEB invested USD 25 million in eco.business Fund – Sub-Fund I. In November 2019, OeEB increased its commitment by another USD 25 million. A further increase is taking place in 2023 in the total amount of USD 15 million. The fund's aim is to protect biodiversity and to support the sustainable use of natural resources in Latin America.
eco.business Fund – Sub-Fund I
|Region||Central America and the Caribbean|
|Sector||Energy / Resource efficiency / Infrastructure|
|OeEB project volume||USD 65 million|
|Projekt partner(s)||eco.business Fund|
Latin America is one of the regions with the highest degree of biodiversity in the world. However, these valuable resources are threatened by human activities.
The eco.business Fund Sub-Fund I provides financing for private-sector projects that contribute to the preservation of bio-diversity or to the sustainable use of natural resources.
By investing in the eco.business Fund Sub-Fund I, OeEB contributes to climate protection and climate change mitigation. Moreover, the preservation of natural resources helps fight poverty - especially in rural areas where people depend on functioning ecosystems.
In 2018, eco.business Fund won a special ALIDE Award from the Latin American development bank community for its excellence in tackling climate change. More information