Demerara Bank Limited

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Demerara Bank Limited
Financing Requested: 
Financial Services
Scope Objective: 

The project consists of a loan to Demerara Bank Limited. With this loan, the IIC will promote capital asset and working capital financing for micro, small, and medium-size enterprises in Guyana

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. To enable the borrower to better understand the IIC's requirements, Financiera Summa shall be required to attend the IIC financial intermediary environmental training workshop.