Company name
Banco del Desarrollo
Project number
CH1062C-01
N/A
E&S category
N/A
Country
Chile
Sector
Financial Institutions
Status
Completed
Disclosed date
02/12/2001
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/12/2001
Approval date
03/12/2001
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
Project Description: The objective of the equity investment is to assist in the institutional strengthening of the Bank to enable it to increase the financing activities with small and medium-sized enterprises in Chile, penetrate in a significant way the regions outside the Santiago Metropolitan area, and achieve an important improvement in the use of its installed capacity. The project consists in a US$ 25 million increase in Banco del Desarrollo's capital, of which the IIC would invest up to US$10 million that would correspond to approximately 5.5% of the share capital of the Bank, and the other principal shareholders would invest up to US$15 million.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
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