Update of ESMS
ESMS to be updated to include: (i) formal incorporation of the guides as policy requirements; and (ii) inclusion of categorization and analysis templates. Formal sign off by senior management.
Condition precedent to first disbursement
Updated use of satellite imagery
(i) Establishment of a process to receive periodic (e.g. monthly) satellite imagery on illegal deforestation in the Atlantic Region, and screen against portfolio client coordinates; and (ii) request and analyze satellite imagery from all clients under which the livestock and agriculture guides apply.
(i) Periodic; and (ii) Six months post dispersement
Update legal templates for inclusion of corrective action plans where issues are identified with sub-borrowers; continue client visits to assess E&S risks and engage clients on E&S issues.
Within loan agreements with sub-borrowers
Performance Reports to Senior Management
Provide periodic reporting to senior management on client E&S analysis (% analized, % visited, % with satellite analysis, key findings/recommendations, # clients rejected on E&S grounds, etc.
Green Loan Portfolio Analysis
Regional will undertake along with the assistance of a consultant portfolio analysis and/or engagement activities with its clients in the effort to identify, shape and manage green lending opportunities that fall within emerging climate smart-agriculture criteria. Regional will co-finance the cost of the consultant alongside IDB Invest.