Banco de la Exportación S.A.
Project Number:
NI1035A-01
Expected Consideration Date by the Board:
12/07/1999
Date Posted:
11/09/1999
Company:
Banco de la Exportación S.A.
Financing Requested:
Sector:
Financial Services
Location:
Nicaragua. The bank has branches in Managua’s metropolitan area, as well as national coverage
Country:
Scope Objective:
Project Description: The project consists of a senior loan of up to US$5,000,000 to Banco de la Exportación S.A. The senior loan will have a term of up to 7 years, including a grace period of up to 2 years. The funds of the senior loan will be used to provide medium and long-term financing to small and medium-size Nicaraguan companies operating in productive sectors of the economy.
Environmental Review:
This is a category III project according to IIC’s environmental review procedures.
Each subloan will be subjected to an environmental and labor review and must comply with Nicaraguan environmental and labor laws, regulations, and standards, as well as applicable policies of the IIC.
Each subloan will be subjected to an environmental and labor review and must comply with Nicaraguan environmental and labor laws, regulations, and standards, as well as applicable policies of the IIC.
