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
Arevalo, Daniel Jose
USD $ 31,000,000
Project scope and objective
The Project involves establishing a risk mitigation guarantee program for Banistmo with the support of IDB Invest and Panama’s National Government, with the objective of guaranteeing Banistmo’s existing portfolio loans and the new loans issued by Banistmo to the tourism sector nationwide. IDB Invest shall provide a guarantee of up to USD 31 million to support Banistmo in reducing its portfolio risk by expanding its capacity to generate new productive loans supporting the economic recovery of the sector. The program will also be partially guaranteed by the Panamanian National Government.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Valeria Rosales Padilla
Corporate Sustainability Manager
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005