BANCO POPULAR DOMINICANO AGENCY LINE

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: 
DR1037B-01
Expected Consideration Date by the Board: 
12/01/2000
Date Posted: 
10/27/2000
Company: 
Banco Popular Dominicano
Financing Requested: 
Sector: 
Financial Services
Location: 
Scope Objective: 
Agency line arrangement for a total amount of US$15 million in which Banco Popular Dominicano will identify, evaluate, structure, and supervise loans to small and medium scale companies that are majority-owned by citizens of the region. Under the terms of the agency line, IIC and Banco Popular Dominicano will each on-lend an equal amount of between US$300,000 and US$1,500,000 to eligible Dominican companies.
Environmental Review: 
This is a Category III project according to IIC's environmental review procedures.

Each loan will be subject to an environmental review and must comply with national environmental laws, regulations, and standards, as well as applicable policies for the IIC. 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.