Cofide next to the municipal savings and credit banks They promote access to drinking water and sanitation in the most vulnerable families in the country.
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To meet this objective, the development bank recently issued the first “blue bond” for S/100 million, with a term of one year. These funds will be channeled through municipal funds to finance projects that improve access to drinking water and sanitation, directly benefiting thousands of Peruvians in rural and peri-urban areas.
Blue bonds are debt issuances intended to finance projects for the construction of water and sewage treatment plants, preservation of the oceans and protection of lakes, moors and mangroves.
Jorge Velarde, president of the board of directors of Cofide, told Perú21 that, in this joint effort, Cofide managed to obtain resources below an interest rate of 5%, with the aim of reaching the beneficiary families at the lowest possible cost. He indicated that these funds were placed entirely in six boxes: Arequipa, Huancayo, Cusco, Ica, Piura and Trujillo.
This positive initiative was celebrated with the traditional ringing of the bell at the Lima Stock Exchange (LSE), with the participation of representatives of the LSE, Cofide and the Federation of Municipal Savings and Credit Banks (FEPCMAC).
Velarde indicated that among the development bank’s plans is to carry out an issue like this again.
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