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.
  • Netherlands Development Finance Company (FMO)
Status: Signed
Bank Risk Rating: U
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.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-11-03
NEGOCIOS INCLUSIVOS S.R.L.
FMO-46776

Project Description
WHO IS OUR CLIENT This capacity development project concerns support to three of FMOa€™s clients in Paraguay: Banco Continental, Banco Regional and Sudameris Bank. These banks have contractually agreed to each develop an Environmental and Social (E&S) Guide for a key economic sector in Paraguay: Cattle (Sudameris), Agriculture (Regional), Agri and Cattle Supply Chain sectors ("Agroindustrial"; Continental). These three banks are among the top six banks in Paraguay. Through market share and as founding members of the Mesa de Finanzas Sostenibles (sector initiative), they have sufficient leverage to lead and influence the whole financial sector through their Guides. FUNDING OBJECTIVE The funding will be used to hire a consultant who will ensure a structured coordination process during the development of the three Guides, such that they are conceptually aligned, and fears about loss of competitiveness can be addressed. WHY WE FUND THIS PROJECT The project is closely aligned with FMO's strategy to create social, environmental, and economic impact. By requiring compliance with basic environmental legislation, the banks in Paraguay are becoming an important actor for the promotion of environmental protection and labour standards. The sector-wide adoption of these standards in a highly competitive environment is a complex and sensitive process. By supporting it FMO is making a central contribution to the project's chances of lasting impacts in the form of higher E&S standards being put into practice widely among Paraguayan producers.
Investment Description
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl Anna van Saksenlaan 71 2593 HW, The Hague The Netherlands FMO South Africa +27 11 507 2500 joburg-office@fmo.nl Regent Place, 2nd Floor Cradock Ave, Rosebank 2196 Johannesburg South Africa