The proposed transaction consists of unsecured financing to Atlantic Bank Limited ("Atlantic Bank" or the "Bank") denominated in US dollars ("US$") for up to US$20 million; to be financed by IDB and IDB Invest (the "Project"). The Project's objective is to assist Atlantic Bank to improve access to funding for Small and Medium-sized Enterprises ("SMEs") mainly in the tourism sector.
IADB is also financing this same investment.
Client Name: Sandra Bedran
Title: General Manager
Telephone Number: (501) 223-4123
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ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
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 (IDB Invest)-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 IDB Invest 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).