Banco Improsa, S.A.
Expected Consideration Date by the Board:
Banco Improsa S.A.
The project consists of a seven year loan of up to US$6 million. The loan will be used to provide medium and long-term financing to small and medium-sized companies.
This is a Category III project according to IIC's environmental and labor review procedures. Each subproject will be subjected to an environmental, labor, and safety review and must comply with national environmental and labor laws, regulations and standards, as well as applicable IIC policies. The Bank will be required to attend the IIC's environmental training seminar, which will provide as basis for the recognition of environmental, safety and labor issues as well as IIC policy requirements.