Scotialeasing Regional

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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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Fax: +1 (202) 312-4057
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Project Number: 
RC3212A-01
Expected Consideration Date by the Board: 
04/28/2009
Date Posted: 
02/27/2009
Company: 
Scotia Leasing Costa Rica, S.A., Scotia Leasing Guatemala, S.A., Scotia Leasing Honduras, S.A., and Scotia Leasing Panamá, S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Regional C and D
Scope Objective: 

Scotia Leasing Costa Rica, S.A., Scotia Leasing Guatemala, S.A., Scotia Leasing Honduras, S.A., and Scotia Leasing Panamá, S.A. are leasing companies that operate in their respective countries. They provide financial and operating leases. The purpose of the IIC project is to support each of the companies’ lending activities and partially fund the growth of their leasing portfolios. The US$15 million IIC loan will enable the companies to continue to diversify their sources of long-term funding.

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. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines. To enable the borrowers to better understand the IIC’s requirements, Scotia Leasing Costa Rica, S.A. shall be required to attend the IIC financial intermediary environmental training workshop.