Company name
Banco Patagonia S.A.
Project number
AR3876A-01
N/A
E&S category
N/A
Country
Argentina
Sector
Financial Institutions
Status
In implementation
Disclosed date
05/08/2008
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/10/2008
Approval date
07/29/2008
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The project consists of a US$5 million, five-year loan for providing financing to small and medium-size enterprises in Argentina. It will have an eighteen-month grace period and will be payable in fifteen quarterly installments. The loan proceeds will be used to provide small and medium-size Argentine companies with financing for working capital or the purchase of fixed assets and machinery originating in IIC member countries. The beneficiary companies shall not exceed US$20 million in assets or revenue.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
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 OfficesFor inquiries, comments and information requests about the project
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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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