Equity investment in Negocios Regionales Fondo de Inversión Privado

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: 
CH1083A-01
Expected Consideration Date by the Board: 
12/22/2000
Date Posted: 
11/06/2000
Company: 
Negocios Regionales Fondo de Inversión Privado
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 
Project Description: Equity investment in Negocios Regionales Fondo de Inversión Privado for an amount not to exceed US$4 million. Negocios Regionales is a private investment fund, duly established in accordance with the Chilean law. The fund will invest in small and medium size enterprises established in Chile in areas other than the metropolitan area of Santiago. The term of the fund is 10 years.
Environmental Review: 
This is a Category III project according to IIC's environmental review procedures. Each investment will be subject to an environmental review and must comply with national environmental laws, regulations and standards, as well as with applicable IIC policies. The Bank will be required to attend the IIC's environmental training seminar, which will provide basis for the recognition of environmental, safety and labor issues as well as IIC policy requirements.