• The memorandum seeks to collaboratively identify large-scale projects in the private sector within the province of Córdoba.

IDB Invest and the Bank of the Province of Córdoba (BPC) have formalized a memorandum of understanding establishing a non-exclusive cooperation framework between the two institutions to foster sustainable economic development and technical collaboration in Argentina. This agreement aims to identify investment opportunities and projects with positive environmental and social impacts and explore areas of collaboration related to climate change, gender, diversity and inclusion, and digitalization.

The memorandum seeks to collaboratively identify large-scale private sector projects within the province of Córdoba, focusing on sustainable and inclusive economic development. It will also identify financial inclusion projects for small and medium-sized enterprises (SMEs), environmentally friendly initiatives, and projects promoting foreign trade. The possibility of financing these projects through credit lines potentially provided by IDB Invest will be considered.

The parties agreed to explore various areas of cooperation, including large-scale projects focused on infrastructure, agribusiness, and export companies; financing mechanisms; programs focused on SMEs, green projects, and women-led SMEs; and technical collaboration areas related to climate change, gender diversity and inclusion, and digitalization.

Furthermore, information will be exchanged, and consultations will be held to identify new areas of cooperation under this memorandum. An action plan will also be agreed upon, outlining the scope of activities, objectives, evaluation mechanisms, and any other necessary information to implement the agreement effectively.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $21 billion in assets under management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet its clients' needs in various sectors.

About the Bank of the Province of Córdoba

The Bank of the Province of Córdoba S.A., founded on September 22, 1873, is a corporation constituted and existing under the laws of the Argentine Republic, engaged in commercial banking activities, duly authorized to operate as such by the Central Bank of the Argentine Republic. Since its founding, it has played a vital role in the social and economic transformation of Córdoba and the region, supporting the development policies and projects of the Province of Córdoba, the agricultural sectors, industry, new technologies, and services, with a sustainable perspective.