Banco Popular Dominicano C. por A.

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: 
DR3634A-01
Expected Consideration Date by the Board: 
04/03/2012
Date Posted: 
03/02/2012
Financing Requested: 
Up to US$15 million
Sector: 
Financial Services
Scope Objective: 

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 Review: 

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.