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Company name

Unicomer (Trinidad) Limited, El Gallo más Gallo de Alajuela S.A., Wisdom Products S.A.E.C.A., Unicomer (Guyana) Incorporated, Unicomer (Barbados) Ltd.

Project number

11935-02

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Costa Rica

Sector

N/A

Status

Completed

Disclosed date

11/16/2016

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

Projected board date
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12/16/2016

Approval date

12/15/2016

Signed date

03/20/2018

Sponsoring entity

Not applicable

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 9,000,000

Currency

CRC

Project scope and objective

The proposed financing consists of several independent medium term loans, to be granted directly to some operations of Regal Forest Holdings Co. Ltd., located in Trinidad y Tobago, Costa Rica, Paraguay, Guyana y Barbados. These independent loans will have as an objective to finance the client loan portfolio of each of these operations, specifically for the C&D socioeconomic segment. The proposed financing for each Borrower, will be in local currency.


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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

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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