Chile and European Investment Bank Sign Agreement for Climate Financing

9 March 2010: European Investment Bank (EIB) Vice-President Carlos da Silva Costa and Chile's Ambassador to the EU, Carlos Appelgren, have signed a framework agreement that aims to foster sustainable growth through the financing of investment projects of mutual interest that, inter alia, support climate change mitigation policies.

The EIB finances projects in Latin America under its current mandate for lending in Asia and Latin America over the period 2007-2013. The EIB can also finance climate change mitigation projects in Chile under the EUR 3 billion sustainable energy and security of supply facility for the period 2007-2013, approved by the Bank's Board of Governors in 2007. [EU Press Release] [EIB Website]