IIC approves loan to Desler Colombia S.A.S.

05/08/2011

The IIC loan will support the growth of Colombia’s oil industry by updating effluent treatment technologies

Washington, D.C. - On May 6, 2011, the Inter-American Investment Corporation (IIC) approved a loan of up to US$700,000 to Desler Colombia S.A.S. The loan will be used to purchase equipment and to finance working capital.

This operation complements the IIC’s operation with Desler for its expansion into Brazil. The operation in Colombia involves financing equipment to support Desler Argentina’s expansion into Colombia, where it will provide services to address tank maintenance problems and effluent recovery in the oil industry.

According to Jorge Ciurlizza, IIC Senior Investment Officer in charge of the operation, "This investment is consistent with Desler’s strategy to decentralize its operations in the region. The IIC started working with Desler in 1997 and it approved the first operation in late 1998. Over this period, the IIC has witnessed Desler’s contributions to Argentina’s economy and how Desler has helped industrial companies meet strict and globally competitive environmental indicators. The project will support Colombia’s oil industry, which has grown rapidly in recent years, enabling Desler to expand its effluent treatment operations from Argentina to Colombia by using sophisticated effluent treatment techniques."

About Desler

Desler S.A. is an Argentinian company that began operations in 1993. Its main activities are the disposal of solid medical and industrial waste and effluent treatment. Desler began operating its pathogenic waste and industrial waste plants in 1993 and 1994, respectively. In subsequent years, Desler entered into agreements and strategic partnerships that enabled it to deliver additional, better-quality services. The company’s industrial services and water services divisions were created in 2003 and 2004, respectively. For more information about Desler, please visit www.desleronline.com

About the IIC

The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. It does so by providing financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2010, the IIC reached US$1.4 billion in assets and approved forty-nine operations channeling US$374.8 million to SMEs in the region. For more information on the IIC’s activities, please visit www.iic.int

Contact: Jorge Ciurlizza (in Washington, D.C.)

Telephone: (202) 623-3932

Email: jorgeci@iadb.org