Company name

Banco Daycoval S.A.

Project number

BR3728A-03

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
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FI-2

Country

Brazil

Sector

Financial Institutions

Status

Completed

Disclosed date

10/07/2014

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/11/2014

Approval date

11/19/2014

Signed date

07/01/2015

Sponsoring entity

N/A

Team leader

Zaccari, Corina

Investment type

Syndicated amount

USD $ 181,901,000

Financing amount

USD $ 20,000,000

Currency

EUR, USD

Project scope and objective

The Inter-American Investment Corporation (IIC), in partnership with 12 different banks, has provided an A/B loan equivalent to almost US$200 million to Banco Daycoval S.A., boosting access to finance through loans for small and medium-sized enterprises (SMEs) across a large variety of productive sectors.

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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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Contact information

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POSITION

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PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices