Bancoldex

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: 
CO3440A-01
Expected Consideration Date by the Board: 
07/26/2005
Date Posted: 
06/17/2005
Company: 
Banco de Comercio Exterior de Colombia S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 

With this investment the IIC seeks to support Banco de Comercio Exterior de Colombia (Bancoldex) as Bancoldex fulfills its mandate to foster exports of Colombian goods by providing financing the purchase of goods produced and services provided by small and medium-size Colombian companies. With the proceeds of this line of credit, Bancoldex will make medium- and long-term loans to financial institutions in countries purchasing these goods and services.

Environmental Review: 

Environmental Classification and Issues:

This is a Category III project according to IIC’s environmental and labor review procedures because specific impacts might result that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, or design criteria. To enable the Borrower to better understand the IIC’s requirements, Bancoldex shall be required to attend IIC’s environmental training seminar for financial intermediaries.