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The Inter-American Development Bank (IDB) approved a US$30 million line for Banco Atlantico of Honduras to provide loans to 'green' projects on, inter alia, renewable energy, energy efficiency and biofuels.

IDB27 July 2011: The Inter-American Development Bank (IDB) has approved a US$30 million green line facility for Banco Atlántida of Honduras, to support its loans to environmentally-sustainable projects.

The loan will support the development of a “green” portfolio of loans directed at small and medium-size corporate borrowers that will enable them to access credit for projects on renewable energies, energy efficiency and biofuels, among others. As part of the financing, the IDB will support Banco Atlántida in the development of green line eligibility criteria to determine the process for identifying, selecting and monitoring green projects. [IDB Press Release]