Expected Consideration Date by the Board:
Development Finance Ltd.
Guyana and Suriname
The proposed equity investment of US$200,000 is to provide financing and enterprise development services to create and maintain successful micro, small, and medium-size enterprises in Guyana and Suriname. The proceeds of this investment will assist the development and expansion of at least 60 SMEs and 2,500 microenterprises.
Environmental Classification and Issues: This is a Category III project according to the IIC’s environmental and labor review procedure because specific impacts may result which can be avoided or mitigated by adhering to 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 policies. To enable the Investee to better understand the IIC’s requirements, DFLSA shall be required to attend IIC’s financial intermediary environmental training seminar.