IDB Invest Boosts Argentina’s Social, Educational, and Sports Infrastructure by Financing River Plate Athletic Club

BUENOS AIRES - IDB Invest has committed to providing up to $50 million in financing to Club Atlético River Plate to develop Argentina's social, educational, and sports infrastructure.

The project builds on the club's previous investments, including a new school building for expanding Instituto River, a center where young athletes from all over the country live and train. The operation will also modernize, expand, and renovate the Más Monumental Stadium to extend its useful life, increase its capacity to 100,000, and provide a better experience for spectators, thereby strengthening the club's long-term revenue base.

The project reinforces River Plate's role as a social, educational, and cultural institution. The additional revenue will provide a reliable source of funding for scholarships, amateur sports programs, and community activities, expanding access to sports and well-rounded development for children, young people, and families, especially those from vulnerable backgrounds.

"This operation with IDB Invest and Club Atlético River Plate highlights the value of social infrastructure as a platform for youth development, providing not just physical spaces, but also environments that shape them and foster discipline and crucial skills. Through this investment, we support educational and sports pathways that create sustainable opportunities and favor Argentina's long-term development," said Viviana Alva-Hart, the IDB Group's representative in Argentina.

The project will require $161 million in financing: $50 million from IDB Invest, a parallel loan from CAF (Development Bank of Latin America and the Caribbean) for the same amount, and up to $61 million in contributions from the club itself.

In addition to financing, IDB Invest will help the club strengthen its corporate governance and adopt standards to enable it to grow sustainably as an institution and have a lasting, positive impact on the community.

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 $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.

About Club Atlético River Plate

Club Atlético River Plate is one of the most prominent sports and social institutions in the world. With more than 350,000 members and a community of millions of supporters across five continents, the Club has established itself as a global benchmark for sporting excellence and player development. River tops the CIES Football Observatory's global ranking for the number of academy-trained players competing in the world's leading football leagues and is home to the largest-capacity stadium in South America. Beyond sports, River promotes educational, cultural, and social programs that create opportunities for inclusion and development for thousands of people. Through these initiatives, the Club reinforces the role of sports institutions as platforms for social development, inclusion, opportunity creation, and human capital formation in the communities they serve.

About CAF

CAF - the Development Bank of Latin America and the Caribbean - is committed to promoting sustainable development and regional integration through the financing of public- and private-sector projects, the provision of technical cooperation, and other specialized services. Established in 1970, CAF is currently composed of 24 countries - 22 from Latin America and the Caribbean, together with Spain and Portugal - and 13 private banks. CAF is one of the region's leading sources of multilateral financing and a major generator of knowledge, supporting initiatives that foster economic growth, improve quality of life, and advance integration across Latin America and the Caribbean.