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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
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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
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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.

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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)

245.8 Kb

FYCO TELECOM AMAZON FINANCING - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS)

133.1 Kb

For inquiries, comments and information requests about the project

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

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

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .