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Tuesday, March 5, 2019

A Testing Ground for Green Microfinance

Green finance is not just for utility-scale solar plants or giant wind farms; it can also work for small businesses or even households. A program called EcoMicro—run by IDB Lab, the innovation laboratory of the Inter-American Development Bank—has helped design green finance solutions for small-scale borrowers as diverse as truckers in El Salvador, homemakers in Paraguay, and convenience-store owners in Mexico. Now it is expanding its presence in the Caribbean too.
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Tuesday, March 5, 2019

Greening a Portfolio

At a time when climate change is headline news, it may seem like a no-brainer for a financial institution to offer green loans. But it’s not as simple as just launching a new product. As an official at the Grenada Development Bank explained, it’s important to first understand the market and the technologies available and then identify solutions that will work locally and meet customers’ needs.
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