Company name
n/a
Project number
12640-01
FI-1 operations are those where the risk potential is high: the FI’s current or future portfolio25 financed as part of IDB Invest investment includes or is expected to include exposure to business activities with potential significant adverse environmental or social risks or impacts that are diverse, mostly irreversible or unprecedented.
E&S category
FI-1
Country
Brazil
Sector
Financial Institutions
Status
Inactive
Disclosed date
11/08/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/29/2020
Approval date
05/29/2020
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 150,000,000
Currency
BRL
Project scope and objective
The Inter-American Investment Corporation (IDB Invest) is considering an investment of up to US$150 million (in BRL equivalent) through the subscription of quotas of an investment fund in Brazil (the “Fund”). IDB Invest’s participation will allow the fund to reach the necessary scale to effectively execute its investment strategy and reach its minimum size.
The Fund will invest in debt instruments to support infrastructure and energy projects and promote capital market solutions. The fund manager of the Fund will be a local investment management company with extensive experience in the local market.
The Fund will support the country’s effort to speed up the development of infrastructure and energy projects; mobilizing resources from institutional investors to long-term local currency financing for infrastructure projects and promoting the development of the local capital markets through the issuance of infrastructure debentures.
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.
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
47.7 Kb