BANCO MONTEVIDEO Agency Line

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

For project inquiries, including environmental and social questions related to an IIC investment, please contact the client or the IIC using the contact information provided above. In addition, project affected communities have access to the IIC Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
UR1047A-01
Expected Consideration Date by the Board: 
10/21/1999
Date Posted: 
09/15/1999
Company: 
Banco de Montevideo S.A.
Financing Requested: 
Sector: 
Services
Location: 
Country: 
Scope Objective: 
Agency line arrangement by which Banco de Montevideo will identify, evaluate, structure, and supervise loans to companies, majority-owned by citizens of the region with annual sales that do not exceed US$35 million. Under the terms of the agency line, IIC and Banco de Montevideo will lend an equal amount of between US$300,000 and US$1,500,000 each to eligible Uruguayan companies.
Environmental Review: 
This is a Category III project according to IIC’s environmental review procedures.

Each loan will be subjected to an environmental review and must comply with national environmental laws, regulations and standards, as well as applicable policies for the IIC.