According to IDB website, the proposed transaction consists of a Guarantee Program of up to US$15 million, to support a US$50 million Sustainable Bond issuance by Banco Promerica de Costa Rica, S.A. in the panaminian market, to be funded by IDB Invest. The IDB Invest's role will be to issue a Partial Credit Guarantee, for 30% of the total Sustainable Bond issuance, with the goal of improving the rating profile for the Promerica CR bond.
Client contact name: Michelle Espinach
Title: Sustainable Bank Manager
Phone number: +506 2505-7504
ACCOUNTABILITY MECHANISM OF IADB
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).