EIB provides USD 100m to COFIDE to support Peru's SMEs and climate projects As a response to the COVID-19 crisis, the EIB loan will provide approximately USD 30 million to small and medium-sized businesses, targeting companies impacted by current economic challenges. EIB | Luxembourg | Updated: 18-12-2020 22:04 IST | Created: 18-12-2020 22:04 IST The investment will also benefit from a EUR 3.7m (USD 4.5m) EU Latin America Investment Facility (LAIF) grant blending resources. Image Credit: Twitter(@EU_Commission) The European Investment Bank is providing a USD 100 million framework loan to Peru's development bank, Corporación Financiera de Desarrollo S.A. (COFIDE), to finance small businesses and climate action investment projects, primarily in the renewable energy and energy efficiency sectors.