Sudameris Bank S.A.E.C.A.
The objective of this IIC loan is to support the lending activities of Sudameris Bank S.A.E.C.A., aimed at providing medium- and long-term credit to small and medium-sized Paraguayan enterprises in the country’s different economic and productive sectors, among them industry, commerce, agriculture, livestock, and services.
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. In order to be better informed about IIC requirements, representatives of Sudameris Bank S.A.E.C.A. attended the IIC’s environmental training workshop for financial intermediaries in 2010, and the Bank now has an environmental management system. Each subproject will be subject to an environmental review and must comply with domestic environmental and labor laws, regulations, and standards, as well as IIC environmental guidelines.