BANCO POPULAR DOMINICANO
Expected Consideration Date by the Board:
Banco Popular Dominicano, C.A.
The objective of the project is to provide funding to meet the medium and long-term financial needs of small and medium size Dominican Republic enterprises. IIC will provide an eight-year, US$10 million line of credit to provide medium-term financing for small and medium-size companies and will undertake, on a best-effort basis, to mobilize an additional US$20 million from international banks under its cofinancing program. In addition, the IIC will support the IDB strategy of promoting the productive sectors through the development of small and medium-size Dominican Republic enterprises.
This is a Category III project according to IIC's environmental and labor review procedures. Each subproject will be subject to an environmental, labor, and safety review and must comply with national environmental and labor laws, regulations and standards, as well as 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.