Banco Regional S.A.

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Project Number: 
PR1041A-01
Expected Consideration Date by the Board: 
11/12/2003
Date Posted: 
10/09/2003
Company: 
Banco Regional S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Encarnación
Country: 
Scope Objective: 
The proposed project consists of a medium-term loan of up to US$1 million to Banco Regional S.A. The loan proceeds will be used to provide financing to small and medium-size agricultural companies in Paraguay that require medium-term funds to finance working capital needs.
Environmental Review: 
Environmental Classification and Issues: This is a category III project according to the IIC's environmental and review procedure because specific impacts may result that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, and design criteria. Subprojects will be subject to an environmental review and should comply with all national environmental and labor laws, regulations and standards, as well as IIC policies. To enhance and standardize the Borrower's understanding of the IIC's requirements, Banco Regional shall be required to attend IIC's financial intermediary environmental training seminar.