UK Green Investment Bank signs partnership agreement with Mexican government-backed development bank NAFIN

• GIB and NAFIN sign two-year collaboration agreement
• Organisations pledge to share knowledge on green finance, renewable energy and energy efficiency projects
• Occasion marked by launch of Spanish version of GIB’s ‘Green Investment Handbook’
• Handbook now available in world’s three most commonly spoken languages.

UK Green Investment Bank plc (GIB) and Mexican development bank Nacional Financiera, S.N.C., I.B.D (NAFIN) have today announced a two-year agreement to share knowledge and best practice on green finance, renewable energy and energy efficiency projects.

The partnership underlines GIB’s commitment to share its market-leading experience in green investment, Mexico’s efforts to boost sustainable development, and the role NAFIN is playing in fostering and financing sustainable projects across the country.

The organisations have marked the occasion by co-launching a Spanish version of GIB’s ‘Green Investment Handbook’, which outlines the methods GIB uses to asses, monitor and report on its investments.

It is hoped that the handbook will support investment in green infrastructure in the Spanish-speaking communities of Latin America and the Caribbean.

The signing of the Memorandum of Understanding is a feature of 2015’s ‘Dual Year Mexico-UK’, which celebrates and deepens the respective countries’ economic, financial, political, cultural and social ties.

Download a summary of the Green Investment Handbook in Spanish and in English.

The full Green Investment Handbook can be downloaded from the UK Green Investment Bank website.

"Green infrastructure is a huge growth market across the world. We have a growing policy consensus amongst countries, a range of proven technologies with falling costs ready to deploy at scale and, a growing group of investors ready to back projects. To move this vital market further into the financial mainstream it is important that we have better standardisation and consistency in how we assess the green impact of projects. That is why we have published our Green Investment Handbook and have translated it into Spanish as part of a wider MOU with NAFIN.

We are delighted to be partnering with NAFIN to exchange experience and ideas. There is much that the UK and Mexico stands to learns from one another. The Green Investment Handbook will play a central role in our relationship as we work together to increase green infrastructure investment in our respective countries and beyond."

Shaun Kingsbury
Chief Executive, UK Green Investment Bank

"Working with GIB represents an enormous opportunity for both of our institutions to continue working for our countries’ sustainable development; an opportunity to learn from best practices in green finance, mainly on renewable energy and energy efficiency projects.

We are very happy to formalise today our relationship. We are convinced this MoU will have a significant green impact in our countries. For a start, we now have the Spanish version of the Green Investment Handbook, which hopes to increase green investments not only in Mexico, but also in Latin America and the Caribbean."

Jacques Rogozinski
General Director, NAFIN