Equity investment in Negocios Regionales Fondo de Inversión Privado
Expected Consideration Date by the Board:
Negocios Regionales Fondo de Inversión Privado
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.
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.