ASUNCIÓN, Paraguay – Today at the IDB-IIC Annual Meetings in Asunción, Paraguay, leaders from the development finance institutions FMO, Proparco and DEG executed a co-financing agreement with the IIC. This agreement formalizes a successful track record of working together with the goal of increasing private sector financing to Latin America and the Caribbean and strengthening our client-service. The framework establishes a number of guiding principles in order to streamline co-financings and take advantage of each institution’s origination and mobilization capabilities. The agreement works on reciprocity in that the same rules apply regardless of which entity is acting as the lead arranger. Clients thus receive a higher speed of service delivery and lower transaction costs. This agreement builds on a successful history of cooperation that most recently included the Kingston Container Terminal transaction that IIC led and included the participation of FMO, DEG and Proparco. This transaction recently received the North American Port Deal of the Year Award by the magazine IJ Global. Additionally, the cooperation is non-exclusive and allows additional entities to join through an Accession Agreement. The Co-Financing Framework Agreement is the start of a network that will continue to grow in order to close the financing gap in Latin America and the Caribbean. Mobilization underscores IIC’s counter-cyclical role to provide financing in times of low liquidity and market uncertainty. In 2017, the IIC aims to add an additional $1.8 billion in third-party assets to its current $4.2 billion under management. The IIC is hosting several events with partners at the Annual Meeting in Asunción to strengthen its mobilization capacity. About the Inter-American Investment Corporation (IIC) The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank Group (IDB Group), is a multilateral development bank committed to supporting the private sector in Latin America and the Caribbean. The IIC finances sustainable enterprises and projects to achieve financial results that maximize social and environmental development for the region. With a current portfolio of $11 billion under management and 350 clients in 21 countries, the IIC works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. About FMO FMO is the Dutch development bank. As a leading impact investor FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development, and has a 45-year proven track record of empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With a committed portfolio of EUR 9.8 billion spanning over 85 countries, FMO is one of the larger bilateral private sector developments banks globally. www.fmo.nl. About Proparco Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It has been promoting sustainable economic, social and environmental development practices for almost 40 years. Proparco provides funding and support to both businesses and financial institutions across Africa, Asia, Latin America and the Middle-East. It seeks to partner projects in key development sectors – infrastructure (with a specific focus on renewable energies), agribusiness, financial institutions, healthcare and education, etc. – and to boost the contribution of the private sector to achieving the sustainable development goals adopted by the international community in 2015. As a means to this end, Proparco finances businesses that are instrumental in creating decent jobs that pay decent wages, in supplying essential goods and services and in battling climate change. www.proparco.fr/lang/en About DEG DEG is a reliable partner for private companies investing in developing and emerging-market countries. For more than 50 years, we have been promoting sustainable development that creates jobs, better living conditions and new prospects. We are committed to the long-term success of our customers: Therefore we do not only provide long-term capital, but also individual advice and support. With a portfolio of around 8 billion euros in more than 80 countries, we are one of Europe’s largest development finance institutions for the private sector. Our current portfolio in Latin America amounts to 2.1 billion euros. We aim to further enhance our mobilization efforts, working together with co-financing partners to service the ambitions of our customers. A targeted network of cooperation agreements ensures efficient success. www.deginvest.de