IFC Investment Will Allow Banco General to Support Mortgage Financing and Boost Climate Products

IFC, a member of the World Bank Group, provided Banco General, S.A., a loan of $150 million for mortgage lending for low and middle-income families in Panama, at the end of 2019.

IFC and Banco General reached a new agreement to promote the development of green finance for the private sector in Panama. The $50 million loan, agreed in April 2020 and to be disbursed this year, will be used to finance green buildings and solar energy projects.