Project Name: Demerara Bank Limited
Project Number: GY3504A-01
Country: Guyana
Sector: Financial Services
Approval Date: 03/25/2008
Date of First Disbursement: 07/25/2008
Type of Financing: Loan
Total Project Cost: USD $2,000,000
Financing Currency: United States Dollar
IIC Financing Amount: USD $2,000,000
Investment Officers:
Navas, Rodrigo
Corredera Silvan, Martin
Roa, Carlos
Orellana, Ana Maria
Briceno, Beatriz
Project Attorney: Diaz-loyola, Rafael
Environmental Engineer: Miller, Angela
Additionality Officer: Riley, Joanne
Expected Consideration Date by the Board: 02/26/2008
Date Posted: 01/18/2008
Company: Demerara Bank Limited
Scope Objective:
The project consists of a loan to Demerara Bank Limited. With this loan, the IIC will promote capital asset and working capital financing for micro, small, and medium-size enterprises in Guyana
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 borrower to better understand the IIC's requirements, Financiera Summa shall be required to attend the IIC financial intermediary environmental training workshop.
