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Company name

Banco Mercantil, S.A.

Project number

BO0015A-01

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E&S category
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Country

Bolivia

Sector

Financial Institutions

Status

Completed

Disclosed date

03/31/1999

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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06/01/1999

Approval date

01/06/1999

Signed date

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Sponsoring entity

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Investment Operations Department Contact

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Investment type

Syndicated amount

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Financing amount

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Currency

USD

Project scope and objective

The objective of the project is to develop mortgage securities in Bolivia. IIC will provide a ten-year US$10 million line of credit to finance long-term home mortgages. The credit line will expand the pool of loans required as a starting point in the development of mortgage-backed securities. The facility will enable Banco Mercantil to support the development of a housing program, an objective of the IDB in Bolivia.

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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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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

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PHONE NUMBER

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POST OFFICE ADDRESS

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .