Company name
Banco Santander S.A. (Uruguay)
Project number
16194-01
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
Uruguay
Sector
Water and Sanitation
Status
Proposed
Disclosed date
10/15/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/24/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Infraestructure & Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 7,400,000
Currency
USD
Project scope and objective
The proposed transaction consists of a partial credit guarantee issued by IDB Invest in favor of Banco Santander Uruguay covering 50% of a US$14 million corporate loan to Ducelit S.A. (Aborgama), with an IDB Invest exposure of approximately US$7.4 million.
The financing will support the development of the Las Rosas Ecopark, an integrated waste management and circular economy project in Uruguay. The project includes the construction and operation of waste treatment and recovery infrastructure aimed at improving waste valorization and environmental performance.
The main objective of the transaction is to mobilize private capital for critical environmental infrastructure while improving solid waste management and promoting circular economy solutions in Uruguay.
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Contact information
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Client Contact
PHONE NUMBER
+598-1323300
POST OFFICE ADDRESS
Julio Herrera y Obes 1365 piso 3 Montevideo, Uruguay
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
ECOPARQUE REUTILIZACION DE RESIDUOS - RESUMEN DE REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS)
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ECOPARQUE REUTILIZACION DE RESIDUOS - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)
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