Banco del Desarrollo, Agency Line

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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.
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Project Number: 
CH1062B-01
Expected Consideration Date by the Board: 
08/03/2000
Date Posted: 
07/26/2000
Company: 
Banco del Desarrollo
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 
Agency line arrangement for a total amount of US$20 million in which Banco del Desarrollo will identify, evaluate, structure, and supervise loans to companies that are majority-owned by citizens of the region with total assets that do not exceed US$15 million. Under the terms of the agency line, IIC and Banco del Desarrollo will each one-lend an equal amount of between US$300,000 and US$1,500,000 to eligible Chilean 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.