Company name
Sudameris Bank S.A.E.C.A.
Project number
15381-01
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
FI-2
Country
Paraguay
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/08/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/02/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 114,693,000
Currency
PYG, USD
Project scope and objective
The proposed transaction consists of a senior unsecured loan to Sudameris Bank S.A.E.C.A. (“Sudameris” or the “Bank”), consisting of: (i) a Loan in Guaraníes (“PYG”) for an amount of up to PYG600 billion, to be disbursed in tranches and for a term of up to five years, with a grace period of up to two years; (ii) an A Loan for an amount of up to US$30 million, for a term of up to seven years; and (iii) the transaction also contemplates the possibility of mobilizing resources from institutional investors through a B Loan for an amount to be determined in accordance with market conditions. The proceeds from the transaction will be used to finance the growth of Sudameris' Small and Medium-Sized (“SME”) and Sustainable Forestry portfolios in Paraguay.
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Contact information
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Client Contact
PHONE NUMBER
+595-21-416 6190
POST OFFICE ADDRESS
Independencia Nacional 513, Asunción - Paraguay
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
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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.
SUDAMERIS - SENIOR LOAN - 15381-01-PR - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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