Company name

Global Soluciones Financieras

Project number

13724-01

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
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FI-2

Country

Chile

Sector

Financial Institutions

Status

Hold

Disclosed date

05/02/2022

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

Projected board date
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07/12/2022

Approval date

07/07/2022

Signed date

07/15/2022

Sponsoring entity

N/A

Team leader

Penagaricano, Matilde

Investment type

Syndicated amount

USD $ 8,000,000

Financing amount

USD $ 12,000,000

Currency

USD

Project scope and objective

The proposed operation contemplates a Senior Secured A/B Facility of up to US$20 million (the "Facility") to be financed by BID Invest and B lender/s. The Facility will consist of a first loan up to one year, renewable with tenors of up to four years, at the discretion of IDB Invest.

Facility funds will be used to finance Micro, Small and Medium-Sized Enterprises ("MSMEs") through financial leasing operations.

Additionally, technical advisory services are being designed to support the transaction in terms of climate finance and gender and inclusion.

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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.

GLOBAL SOLUCIONES FINANCIERAS DECARBONIZATPARTNERSHIP 13724-01 ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Pablo Diez Torres

POSITION

CFO

PHONE NUMBER

+562 29271000

EMAIL

pdiez@grupoglobal.cl

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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