Company name
Inter-American Corporation for Infrastructure Finance
Project number
RG1077A-01
N/A
E&S category
N/A
Country
Sector
Financial Institutions
Status
In implementation
Disclosed date
02/05/2001
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/12/2001
Approval date
03/12/2001
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
Project Description: The project involves setting up an institution for funding small and medium-size infrastructure projects (up to US$50 million US$60 million per project) in Latin America and the Caribbean as a way of furthering economic development in the region and enabling additional funding to be channeled from private sources outside the region. In addition to funding projects (either by originating its own operations or participating in projects carried out by any other institution) ICIF may provide financial consultancy services on subjects connected with the infrastructures in question. Forty percent of ICIF's capital shall come from multilateral institutions, and the remaining 60% shall come from private international financial institutions. The project also envisages setting up a fund that shall use its resources for carrying out social projects in the region. ICIF's private shareholders shall use up to 15% of the dividends to which they are entitled to provide the fund with resources. The IIC is considering subscribing up to 20% of ICIF's initial capital at an aggregate cost to the Corporation not to exceed US$10,000,000.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
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 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.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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
29.4 Kb