According to IADB website, the objective of this transaction is to increase access to financing for small and medium enterprises and female retail clients in Panama, by creating and implementing a holistic value proposition which will support the growth of Global Bank's women and SME portfolios. To do this, IDB Invest is proposing a Senior Unsecured Loan of approximately US$ 160 million to Global Bank Corporation comprised by:
(i) A Loan of up to US$60 million to be funded by IDB Invest; and
(ii) IDB Invest B Loan expected to be of approximately US$100 million, to be funded through the sale of participations to commercial lenders.
For project inquiries, including environmental and social questions related to an IDB Invest investment, please contact the client or the IDB Invest using the contact information provided above.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism.
Tel: +1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
Sistema de Gestion Medioambiental y Social - Version 4.0; last updated in Januay 4, 2018
Proceso de Quejas Medioambientales - Version 1.0; last updated in July 23, 2015.
Global Bank Corporation provides commercial and consumer banking services in the Republic of Panama and internationally. It operates through Banking and Financial Activities, Insurance, and Pension and Severance Funds segments.
Project Contact: Carlos Mouynes
CFO, Global Bank Corporation
Phone number: (+507) 206-6613
E-mail address: firstname.lastname@example.org
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).