Company name
Banco Alemán Paraguayo S.A.
Project number
PR1036A-01
N/A
E&S category
N/A
Country
Paraguay
Sector
Financial Institutions
Status
Completed
Disclosed date
05/12/1999
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/12/1999
Approval date
11/12/1999
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
The project consists of a credit line to BAPSA for on-lending to eligible Paraguayan SMEs, mainly for export-related or import substitution projects. Subloans will be made in U.S. dollars with a minimum of two years to a maximum of five year maturities. Maximum subloan amounts shall not exceed US$500,000 to finance the acquisition of fixed assets and working capital. Financing of working capital will be restricted to 30% of the line. Resources will be primarily used to finance agribusiness, cattle rise, agroindustrial, and agricultural services sectors.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
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