Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Paraguay
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2018-04-24
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Banco para la Comercializacion y la Produccion S.A. ("Bancop")
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD): $ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2018-03-22
Disclosure Date: 2018-03-12
Bancop SME Financing Partnership
IIC-12266-01

Project Description

The proposed operation contemplates a senior loan of up to 28 billion Guaraníes (“PYG”), which will be financed by IDB Invest. The Loan will have a term of up to five years, with a grace period of up to two years, and quarterly amortization. The use of funds will be to finance small and medium enterprises (“SMEs”) in the productive sector of Paraguay.Bancop’s portfolio is concentrated in agriculture (46.2%) and livestock (12.7%), which present risks in the form of deforestation and land-use change, particularly in the Paraguayan Chaco (“Chaco”).

Investment Description
Private Actors
Contact Information

For inquiries about the Project, contact: 

Client contact name: Carlos M. Florentín B.

Title: Chief Financial Officer

Phone number: (595) 21 325.5230

Email addresscarlos.florentin@bancop.com.py

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

 

ACCOUNTABILITY MECHANISM OF IIC

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).