IFC Partners With Banco G&T Continental in Guatemala to Launch Its Climate Finance Business, Expand SME and Housing Finance

IFC, a member of the World Bank Group, is partnering with Banco G&T Continental in Guatemala to launch the Bank's climate finance business, expand access to finance for small and medium enterprises (SMEs), and offer affordable housing for Guatemalan families.

Guatemala is among the ten most affected countries in the world by extreme climate events, which hinders economic growth and affects social conditions, also triggering migration and increased poverty levels. Limited access to finance for climate-smart assets in the country further hampers sustainable and inclusive growth in the country.  IFC's $80 million-dollar funding will help G&T launch its climate finance business, a first in the country, focusing on financing green buildings and green housing projects.