Banco Popular Dominicano C. por A.
The project consists of a loan to Banco Popular C. por A. for up to US$15 million. The purpose of the financing is to support Dominican SMEs through financial leasing and factoring operations, working capital loans, and loans for purchasing fixed assets.
Environmental and Labor Issues:
This is a category III project according to the IIC’s environmental and labor review procedure because it could produce certain effects that may be avoided or mitigated by following generally recognized performance standards, guidelines, and design criteria. With a view to familiarizing the borrower with IIC requirements, Banco Popular Dominicano C. por A. must attend the IIC’s financial intermediary environmental training workshop. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines.