Sudameris Bank S.A.E.C.A.

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IIC’s Communications Group
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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.
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Project Number: 
PR3928A-02
Expected Consideration Date by the Board: 
11/15/2012
Date Posted: 
10/15/2012
Company: 
Sudameris Bank S.A.E.C.A.
Financing Requested: 
Loan of up to US$4 million
Sector: 
Financial Services
Location: 
Paraguay
Country: 
Scope Objective: 

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 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. 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.