Banco Safra S.A.

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Banco Safra S.A.
Financing Requested: 
Financial Services
Scope Objective: 
The proposed trade finance line is for a Loan for up to US$15 million to Banco Safra S.A. The proceeds will be used to provide financing to small and medium-sized Brazilian exporters, for foreign trade export and import operations.
Environmental Review: 
This is a Category III project according to the IIC’s environmental and labor review procedures because specific impacts might result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Each subproject will be required to comply with national environmental and labor laws, regulations and standards as well as IIC policies. To enable the Borrower to better understand the IIC’s requirements, Banco Safra shall be required to attend IIC’s financial intermediary environmental training seminar.