IDB Invest Boosts Social and Economic Development in Argentina with Financing for Club Atlético River Plate

BUENOS AIRES - IDB Invest has signed a financing agreement of up to $50 million with Club Atlético River Plate to support the development of social, educational, and sports infrastructure in Argentina. This pioneering operation provides direct multilateral financing to a nonprofit civil association to strengthen infrastructure with high community impact.

The project aims to promote education, sports, and social inclusion through infrastructure improvements at the new Instituto River building and Casa River, the youth residence and development center, benefiting young people from different regions of the country. The plan supported by IDB Invest includes the modernization, expansion, and refurbishment of the Más Monumental Stadium, with enhancements that will extend its useful life and increase its capacity to more than 100,000 spectators.

The operation positions infrastructure improvements as a platform for development with urban-scale impact, helping to stimulate the local economy, strengthen value chains, and boost tourism, as well as economic and social outcomes.

"This operation underscores the value of social infrastructure as a platform to generate real opportunities. It is not just about physical spaces, but about environments that support people's development and strengthen communities. Through this investment, we aim to support initiatives that translate this potential into tangible and sustainable impact in Argentina," said Viviana Alva-Hart, IDB Group Representative in Argentina.

Total project financing amounts to $161 million. It includes an IDB Invest loan of up to $50 million, a parallel loan from CAF - Development Bank of Latin America and the Caribbean - for an equivalent amount, and contributions from the club's own funds of up to $61 million.

In addition to financing, IDB Invest is supporting Club River Plate with technical assistance to strengthen corporate governance practices and adopt international standards, contributing to the consolidation of a sustainable institutional growth model and maximizing the project's long-term impact.

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.