Company name
Nokia Corporation
Project number
15494-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Regional
Sector
Digital Economy
Status
In implementation
Disclosed date
06/04/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/31/2025
Approval date
07/31/2025
Signed date
09/02/2025
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
The proposed transaction consists of a revolving receivables purchase facility of up to US$50 million, through which Nokia Corporation will sell, under a non-recourse portfolio assignment scheme, credit rights arising from the delivery of digital solutions and services to corporate clients, subject to IDB Invest approvals.
Debtors will be notified of the assignment, and IDB Invest will directly receive the corresponding payments. The facility will not only provide flexible working capital to support Nokia's commercial expansion in key markets in the region, including Mexico, but will also facilitate a better value proposition in its commercial management vis-à-vis other unreliable technology suppliers.
The transaction also seeks to promote access to structured financing for technology suppliers in Latin America and the Caribbean.
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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
PHONE NUMBER
+358 10 4488 000
POST OFFICE ADDRESS
Karakaari 7, 02610 Espoo, Finland
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals 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.
For 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.
NOKIA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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