Company name
Nacional Financiera, S.N.C.
Project number
ME3418A-01
N/A
E&S category
N/A
Country
Mexico
Sector
Financial Institutions
Status
In implementation
Disclosed date
03/02/2005
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/30/2005
Approval date
03/30/2005
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 30,000,000
Currency
USD
Project scope and objective
The IIC seeks to work with Nacional Financiera, S.N.C. (NAFIN) to improve the risk profile of bond placements (emisiones bursátiles) to be carried out by non-bank financial intermediaries and small and medium-size companies, by obtaining better financing terms and conditions for these companies. By introducing a new product such as partial credit guarantees, the IIC also seeks to boost financial intermediation and foster savings in the local financial market. The IIC's participation also opens the door to long-term financing in local currency for companies that are not necessarily exporters.
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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.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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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