Green financing agreement with Davivienda El Salvador (IDBI-11860-02)

  • El Salvador
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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
Aug 25, 2020
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.
Banco Davivienda, S.A.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 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)
$ 100.00 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 @ IDBI website

Updated in EWS Jul 17, 2020

Disclosed by Bank Jun 26, 2020

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Project Description

The objective of the project is to support Davivienda El Salvador in the development of its portfolio of financing for environmentally friendly projects ("green loans") in El Salvador. At the same time, IDB Invest will provide advisory services that will focus on monitoring these projects, as well as on measuring impact indicators and the bank's contribution to them. As part of its institutional response and to mitigate the economic crisis caused by the Covid-19 pandemic, IDB Invest is prioritizing financing through financial institutions to ensure member countries have the resources they need for development projects.

Investment Description
  • IDB Invest (IDBI)

The proposed transaction consists of a senior unsecured loan to Banco Davivienda, S.A. ("Davivienda ES" or the "Bank") denominated in US dollars (US$) for up to US$100 million (the "project"). The project financing will be structured as follows: (i) US$35 million from IDB Invest; (ii) US$15 million mobilized through potential cofinancing, financed by IDB Invest in its capacity as administrator of the China Co-financing Fund for Latin America and the Caribbean (the "Fund"); and (iv) US$50 million mobilized through co-financiers or "B" lenders.

Contact Information

Client contact name: Mr. Reynaldo Rodriguez
Title: Treasury Manager
Telephone: +(503) 2556-2457


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