Company name
WOM S.A.
Project number
12195-02
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Chile
Sector
Digital Economy
Status
In implementation
Disclosed date
10/05/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/23/2021
Approval date
11/30/2021
Signed date
12/29/2021
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 100,000,000
Currency
USD
Project scope and objective
The proposed operation is a facility for the purchase of accounts receivable (the “Operation, the" Line of Credit "or" the Project ") that will be used to discount the invoices originated in the WOM S.A. program ("WOM", the "Client" or the "Company") of financing to individual and corporate subscribers for the purchase of mobile devices and telecommunications services in Chile. The Line of Credit will be available for a period of up to 48 months and the invoices have a cancellation period of up to 24 months.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
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.
WOM - ENVIROMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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