Colending Program with Crédit Uruguay Banco S.A

For inquiries and comments to IIC, contact:
IIC’s Communications Group

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: or

Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Crédit Uruguay Banco S.A.
Financing Requested: 
Financial Services
Scope Objective: 

The project consists of a colending program to promote private sector investment and employment in Uruguay through the joint financing of Eligible Companies. Crédit Uruguay, the Agent, will manage the facility and will provide loans to the borrowers jointly with the IIC. Eligible Companies will include Uruguayan companies that meet Crédit Uruguay and IIC credit eligibility requirements and are based in Uruguay, with assets preferably below thirty-five million U.S. dollars (US$35,000,000). The financing can be used for various purposes depending on the company’s needs, such as expansion of productive capacity, working capital, purchase of assets, or a combination thereof.

Environmental Review: 

Environmental Classification and Issues:

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, two representatives of Crédit Uruguay Banco S.A. shall be required to attend IIC’s financial intermediary environmental training seminar.