Banco del Desarrollo, Agency Line

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Banco del Desarrollo
Financing Requested: 
Financial Services
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.