Banco Alemán Paraguayo S.A. (BAPSA II)

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: 
PR1036A-01
Expected Consideration Date by the Board: 
11/12/1999
Date Posted: 
05/12/1999
Company: 
Banco Alemán Paraguayo S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 
The project consists of a credit line to BAPSA for on-lending to eligible Paraguayan SMEs, mainly for export-related or import substitution projects. Subloans will be made in U.S. dollars with a minimum of two years to a maximum of five year maturities. Maximum subloan amounts shall not exceed US$500,000 to finance the acquisition of fixed assets and working capital. Financing of working capital will be restricted to 30% of the line. Resources will be primarily used to finance agribusiness, cattle rise, agroindustrial, and agricultural services sectors.
Environmental Review: 
Each eligible company must comply with the environmental laws, regulations, and standards of the respective eligible jurisdictions, as well as with applicable IIC environmental policies. Each company must also be in compliance with all the occupational health, labor, and safety laws and regulations of the eligible jurisdictions. Certification will be required that eligible companies will meet all applicable laws, regulations, and policies regarding the environment and occupational health and safety.