BAC Salvador - Support for the "Mujer Acelera" Program (IDBI-12824-02)

  • 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
Jul 13, 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 de America Central, S.A. El Salvador
The holder of the loan, grant, or other investment.
  • Finance
  • Industry and Trade
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)
$ 60.00 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)
$ 60.00 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 Jun 26, 2021

Disclosed by Bank May 28, 2020

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Project Description

The proposed financing consists of an unsecured senior loan denominated in U.S. dollars ("US$") to Banco de America Central, S.A. ("BAC El Salvador" or "the Bank") of up to US$60 million, comprising: (i) an "A" loan from IDB Invest of up to US$40 million with a term of five years; and (ii) a loan from the China Co-financing Fund for Latin America and the Caribbean ("China Fund") of up to US$20 million (the "Financing") with the same term. The transaction will support the growth of BAC El Salvador's "Mujer Acelera" program by providing financing to women led/owned small and medium-sized enterprises ("SMEs"). The project is additionally expected to include advisory services to strengthen the Mujer Acelera program, as well as to support this segment in adopting new operating procedures in the context of the COVID-19 crisis through training sessions, virtual advice, and financial support (provided BAC ES has analyzed these options).

Investment Description

Contact Information

Client Contact Name: Rodrigo Menendez Aguilar
Title: Vice President - Corporate Banking


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