IIC approves loan to Desler do Brasil Comércio e Serviços Ambientais Ltda. in Brazil

05/08/2011

Washington, D.C. - On May 6, 2011, the Inter-American Investment Corporation (IIC) approved a loan of up to US$800,000 to Desler do Brasil Comércio e Serviços Ambientais Ltda. The loan will be used to purchase equipment and to finance working capital.

This is the IIC’s third operation with Desler and involves financing equipment to support Desler Argentina’s expansion into Brazil, where it will provide services to enhance liquid effluent quality in the industrial sector, specifically, cleaning dehydration units and water treatment.

According to Jorge Ciurlizza, IIC Senior Investment Officer in charge of the operation, "Desler has been successfully providing services in Argentina for almost a decade and this operation will enable its internationalization. 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 contribution to Argentina’s economy and, in particular, how Desler has helped industrial companies meet very strict and globally competitive environmental indicators. With this operation, the IIC is supporting a company that went from being small to becoming a medium-sized company and now aims at diversifying in a region working towards integration. The operation will also create jobs, generate foreign exchange, and enable the transfer of know-how."

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 Press Release also available in Portuguese

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

Telephone: (202) 623-3932

Email: jorgeci@iadb.org