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Company name

Ueno Bank S.A.

Project number

14731-01

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

Paraguay

Sector

Financial Institutions

Status

Proposed

Disclosed date

03/26/2024

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

Projected board date
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05/23/2024

Approval date

05/23/2024

Signed date

05/31/2024

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 9,862,600

Currency

PYG

Project scope and objective

The proposed operation consists of a senior unsecured loan to Ueno Bank S.A. for an amount of up to PYG73,000 million, composed of: (i) Tranche I: a committed tranche consisting of Loan A of up to PYG36,500 million to be financed by IDB Invest, and (ii) Tranche II: an uncommitted tranche consisting of Loan A of up to PYG36,500 million, to be financed by IDB Invest. The operation will have a term of up to three years, with up to one year of grace and quarterly amortization.

The funds from the operation will be used to finance Micro, Small, and Medium-Sized Enterprises (“MSMEs”) in local currency and for financial inclusion in Paraguay.

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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.

UENO BANK S.A. - UENO MSMES AND FINANCIAL INCLUSION PARTNERSHIP-1473-01- PR - ENVIRONMENTAL AND SOCIAL REVIEW ESRS

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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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Learn more about how we provide private-sector solutions in the region .