Andrews Kurth Represents IDB in $30 Million “Green Loan” to BBVA Banco Continental

(Washington, DC)— On December 10, 2010, the Inter-American Development Bank (“IDB”) closed on a US$30 million “green loan” to the Peruvian bank, BBVA Banco Continental. The proceeds of the loan are intended to finance projects that encourage energy efficiency and/or reduce greenhouse gas emissions in Peru.

Eligible projects to be supported by the loan include projects that increase energy savings and efficiency, including clean energy and industrial technology, as well as those that support integrated waste management, water and wastewater treatment and investments in renewable energy.

The U.S. based firm of Andrews Kurth LLP and the Peruvian firm of Pizarro, Botto & Escobar Abogados advised IDB on the financing.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Luciane Juliani, Foreign Associate

IDB In-House Counsel:

Maria del Pilar Jimenez de Arechaga

IDB Local Counsel:

Pizarro, Botto & Escobar Abogados

Ricardo Escobar, Partner

Andrea Corno, Associate

Melissa Padilla, Associate

BBVA Banco Continental In-House Counsel:

Leonor Avendaño

BBVA Banco Continental Local Counsel:

Benites, Forno, Ugaz & Ludowieg, Andrade

Freddy Escobar, Partner

Jeanette Aliaga, Associate

BBVA Banco Continental U.S. Counsel:

Milbank, Tweed, Hadley & McCloy LLP

Kristi Dalling, Partner

Arturo Carrillo, Associate

About Andrews Kurth LLP

For more than a century, Andrews Kurth has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With 400 lawyers and offices in Austin, Beijing, Dallas, Houston, London, New York, The Woodlands and Washington, DC, Andrews Kurth represents a wide array of clients in multiple industries. For more information about Andrews Kurth, please visit andrewskurth.com.

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