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News 2007

CIFI Commits Another US$5 Million Facility Towards Belize Infrastructure Development

Arlington, VA-CIFI, a leading Latin America and Caribbean infrastructure financing and advisory firm, has announced it committed a US$5 million credit facility to Belize Natural Energy Joint Venture (BNE). Funds will finance capital expenditures at BNE, which recently discovered an oil field of 25 to 50 million barrels of potentially recoverable sweet crude. It is the first major oil discovery in the Central American country.

"BNE succeeded due to the determination of its management. CIFI is pleased to partner with such a committed group of individuals," said Roldan Trujillo, CIFI's CEO. This announcement comes on the heels of CIFI arranging a $53 million credit facility for a Belizean cogeneration energy plant.

About Belize Natural Energy Joint Venture Belize Natural Energy is a joint venture between CHx Capital, a US-based investment company and International Natural Energy, a group of primarily Irish-based private investors. Its primary activity is the exploration and development of oil and gas in Belize.

 

Equator Principles

April 06, 2007

Arlington, VA, - Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI), a leading financial institution providing structured financing and advisory services for infrastructure projects in Latin America and the Caribbean, has announced its adoption of the Equator Principles. "CIFI embraces the concepts that underline the Equator Principles", said Roldan Trujillo, CIFI's CEO. "We are delighted to join with so many outstanding financial institutions in formally adopting these principles. Through its adoption of these principles, CIFI ratifies its commitment to matters of corporate responsibility, consistent with its continuous quest to align itself with the needs of its customers, shareholders, employees and of the societies in which it pursues its business". The Equator Principles is a set of guidelines developed by private financial institutions for managing environmental and social issues related to project financing. The Equator Principles are based on the environmental and social policies and safeguards of the International Finance Corporation (IFC).