Company name
Nacional Financiera, S.N.C.
Project number
ME1161A-01
N/A
E&S category
N/A
Country
Mexico
Sector
Financial Institutions
Status
Inactive
Disclosed date
02/19/2003
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/05/2003
Approval date
03/05/2003
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
Participation in risk in favor of the financial institutions participating in the IIC-NAFIN Guarantee Program, with Nacional Financiera, S.N.C. (NAFIN), a Mexican development bank and a leader in providing financing to small and medium-size enterprises that supply public sector agencies and first-tier private companies.
The program for participating in risk will provide access to working capital financing for small suppliers of first-tier companies; this will be accomplished through financial institutions (banks) that will provide funding to small enterprises in the form of loans to finance orders. The banks will absorb 50% of the risk, and NAFIN, through Trust 1148-O set up for this purpose, will guarantee 50% (20% of the Trust funds will be contributed by the IIC and 30% will be directly from the Trust’s own resources) of the loans to small suppliers of first-tier companies operating in a variety of productive sectors throughout Mexico.
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Contact information
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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
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For inquiries, comments and information requests about the project
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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