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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Acuna Cubillos, Piedad Lucia
USD $ 50,000,000
Project scope and objective
This project consists in supporting the first green bond issuance by a private sector entity in Ecuador. Banco Pichincha is issuing green bonds in the local market under a US$250 million program. The bonds will have a maturity of up to five years. The proposal of IDB Invest is to subscribe up to US$50 million and potentially mobilize up to US$50 million of co-investment.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005