Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 120,000,000
Project scope and objective
This transaction consists of a senior loan of up to US$120 million to finance Piñero Group's working capital needs in the Dominican Republic and Jamaica that were impacted by the COVID-19 pandemic.
Piñero Group is a Spanish hotel group that operates 27 hotels in the Dominican Republic, Jamaica, Mexico, and Spain.
The impact story of this project was highlighted on our 2021 Annual Report.
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