Banco Río de la Plata, S.A.

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Banco Río de la Plata, S.A.
Financing Requested: 
Financial Services
Scope Objective: 
The objective of the project is to provide funding to meet the medium and long-term financial needs of small and medium size Argentinean enterprises. IIC will provide an eight-year, US$10 million line of credit to provide medium term financing for small and medium-size companies and will undertake, on a best-effort basis, to mobilize an additional US$20 million from international banks under its cofinancing program. In addition, the IIC will support the IDB strategy of promoting the productive sectors through the development of small and medium-size Argentinean enterprises.
Environmental Review: 
This is a category III project according to IIC’s environmental review procedures.

Each subproject must comply with Argentinean environmental laws, regulations and labor standards, as well as applicable IIC policies and occupational health and safety regulations.