Company name
Discovery Capital Management L.L.C. and Protego As
Project number
ME1157A-01
N/A
E&S category
N/A
Country
Mexico
Sector
Financial Institutions
Status
Inactive
Disclosed date
10/24/2003
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
01/14/2004
Approval date
01/14/2004
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
This is a proposal to invest direct equity in the low- and middle-income housing vehicle company included in The Discovery Americas I, L.P. ("Discovery" or "the Fund"), an investment fund in Mexico. The investment objective is to seek medium-term capital appreciation by providing project-based preferred equity investment capital to highly qualified and experienced developers who currently lack access to sufficient equity financing. The Fund, through the vehicle company, will help to eliminate the bottleneck perpetuating a chronic shortage of low- and middle-income housing in Mexico, contributing to building approximately 60,000 houses during the next seven years. The company's management has a long-standing track record in Mexican housing finance and significant expertise in the low- and middle-income housing sector.
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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 OfficesFor inquiries, comments and information requests about the project
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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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