Banco Bolivariano C.A.

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

For project inquiries, including environmental and social questions related to an IDB Invest investment, please contact the client or IDB Invest using the contact information provided above. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
EC3622A-02
Expected Consideration Date by the Board: 
07/13/2010
Date Posted: 
06/10/2010
Company: 
Banco Bolivariano C.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Guayaquil
Scope Objective: 

The project consists of a loan of up to US$7 million for a term of up to three years, to Banco Bolivariano C.A. The proceeds will be used to provide financing to small and medium-size Ecuadorian companies for trade activities such as exporting and importing, as well as for working capital related to import-export operations.

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. To enable the borrower to better understand the IIC’s requirements, Banco Bolivariano C.A. shall retain on its staff at least one employee who has attended the IIC financial intermediary environmental training workshop. 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.