Company name
Republic Bank Limited
Project number
TT1011A-01
N/A
E&S category
N/A
Country
Trinidad and Tobago
Sector
Financial Institutions
Status
Completed
Disclosed date
04/19/1999
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/20/1999
Approval date
05/19/1999
Signed date
07/22/1999
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
The project consists of a $40 million credit line to Republic Bank Limited. Of this total, $10 million will be funded by the IIC, and $30 million will be raised on a best-efforts basis from international banks under IIC's cofinancing program. The Bank will use the loan proceeds to finance small and medium-size companies in Trinidad and Tobago, Barbados, Guyana, Suriname, Jamaica, Belize, and the Bahamas (the "eligible jurisdictions"). All subloans will be on commercial terms.
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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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