Garantías y Servicios SGR, S.A.

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Project Number: 
ES3374A-01
Expected Consideration Date by the Board: 
10/21/2008
Date Posted: 
09/19/2008
Company: 
Garantías y Servicios SGR, S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
San Salvador
Country: 
Scope Objective: 

The project consists of a US$500,000 equity investment. The investment in Garantías y Servicios SGR, S.A. (G&S) will be used to increase the number and amount of guarantees issued for SME loans in El Salvador and to support other G&S operations.

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, or design criteria. 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. Garantías y Servicios SGR, S.A. shall be required to attend the IIC financial intermediary environmental training workshop.