Company name
FYCO Global Services, S.A.
Project number
15023-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Regional
Sector
Digital Economy
Status
Proposed
Disclosed date
10/23/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/02/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 15,000,000
Currency
USD
Project scope and objective
IDB Invest is considering providing a working capital revolving credit facility of up to US$15 million for a term of 5 years to enable FYCO to extend the payment terms offered to small and medium-sized internet providers in the region. This would help expand fiber optic connectivity in large underserved regions of Latin America and the Caribbean, particularly in the Amazon basin of Peru and Ecuador, where FYCO currently has a significant customer base.
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
Edgar.juarez@fycotelecom.com
PHONE NUMBER
n/a
POST OFFICE ADDRESS
Edificio One Plaza, Cra. 43A #5a-113, El Poblado, Medellín, Antioquia, Colombia, Código postal: 050021
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
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.
FYCO TELECOM AMAZON FINANCING - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS)
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FYCO TELECOM AMAZON FINANCING - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS)
133.1 Kb