CAFSA IV (IIC-11577-01)

Countries
  • Costa Rica
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 5, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
CAFSA S.A.
The holder of the loan, grant, or other investment.
Investment Amount (USD)
$ 4.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IIC website

Updated in EWS Aug 1, 2018


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Project Description

The Inter-American Development Bank Invest (IDB Invest), formerly the Inter-American Investment Corporation (IIC) has not disclosed information on the substance of this project. The private actor in this project, CAFSA, is a financial group that specialises in financing and renting vehicles, so the project may be related to autos. Visit the bank's disclosure site to see all released information.

 

Early Warning System Project Analysis

The Inter-American Investment Corporation has rated this project FI-3. This corresponds to a C rating of low environmental and social risk. 

Investment Description
  • IDB Invest

The total project cost is estimated at US$10 million. The Inter-American Investment Corporation has committed to financing US$4 million, with unspecified co-financers giving US$5 million. The ICC has not denoted in which type of investment the US$4 million will be. It is unclear as of the time of writing from which group  the final US$1 million will come. 

Private Actors
Contact Information

Contact:

Apel, Michael michaela@iadb.org (202) 623-2521

Copplind, Anna Luisa

Johnson, Christopher Mays

Penedo, Maryline

ACCOUNTABILITY MECHANISM OF IIC

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).