Banco Rabobank International Brasil, S.A.

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Project Number: 
BR1129A-01
Expected Consideration Date by the Board: 
11/26/2003
Date Posted: 
10/17/2003
Company: 
Banco Rabobank International Brasil S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 
The project consists of a loan to finance the acquisition by the Borrower of 100% of the Senior quotas of a Receivables Investment Fund - Fundo de Investimento em Direitos Creditórios - set up to acquire discounted receivables issued by certain companies that finance small and medium size enterprises.
Environmental Review: 
Environmental Classification and Issues:

This is a Category II project according to the IIC's environmental and labor review procedure because no direct or indirect environmental impacts are anticipated. To further assist the Borrower with developing an Environmental Management System, which includes an overall environmental policy for the bank, two employees shall be required to attend IIC's financial intermediary environmental training seminar or an IIC approved environmental training course. In addition, Rabobank has signed on to the Equator principles, meaning that the Borrower has agreed to adopt the IFC's social and environmental guidelines for sustainable development.