Finnfund signs a memorandum of understanding with Inter-American Investment Corporation
26/09/2005
Finnfund has signed a memorandum of understanding with the Inter-American Investment Corporation (IIC). Both finance companies are looking for co-financing projects in Latin America and the Caribbean.
Finnfund has signed a memorandum of understanding with the Inter-American Investment Corporation (IIC). IIC is a multilateral financial institution that is part of the Inter-American Development Bank Group. It provides financing in the form of equity investments, loans, guarantees, and other instruments and also advisory services to private enterprises in Latin America and the Caribbean.
The purpose of the memorandum is to provide a general framework to support Finnfund 
and IIC efforts to identify co-financing possibilities in the Latin America and the Caribbean. The document was signed on 23rd of September in Washington by Mr. Jaakko Kangasniemi, managing director and CEO of Finnfund and Mr. Jacques Rogozinski, general manager of the IIC. Ms Seija Toro, alternate member of the IADB’s Board was also present.
IIC and Finnfund discussed among other things the co-financing possibilities of renewable energy projects. Both finance companies are keen on financing renewable energy because of the positive development impact and the environmental effects.
For more details please contact Mr Jyrki Halttunen, finance director, tel. +358 9 3484 3318, email firstname.lastname@finnfund.fi
