Banco Río de la Plata S.A.
The proposed project is a long-term loan to a bank that specializes in financing SMEs in Argentina. The loan proceeds will be used to finance productive activities, including working capital and leasing, for small and medium-size Argentine companies.
Environmental Classification and Issues:
This is a Category III project according to IIC environmental and labor review procedures since specific impacts can be avoided or mitigated by adhering to generally recognized standards, performance guidelines, or design criteria. Each subproject will be required to comply with national environmental and labor laws, regulations and standards as well as IIC policies. To enable the Borrower to better understand the IIC’s requirements, Banco Río de la Plata S.A. shall be required to attend IIC’s financial intermediary environmental training seminar.