BAC Guatemala SME Financing Agreement (IDBI-12853-02)

  • Guatemala
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 30, 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. (BAC GT)
The holder of the loan, grant, or other investment.
  • Agriculture and Forestry
  • 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)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 22, 2020

Disclosed by Bank Jun 3, 2020

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The objective of the project is to support BAC GT in its efforts to increase financing to small and medium-sized enterprises ("SMEs") and contribute to the development of value chains by providing financing to anchor companies (mid-market) within Guatemala. At the same time, IDB Invest will provide advisory services focused on the aforementioned supply chains with a focus on enhancing the SMEs' value added. As part of its institutional response and in order to mitigate the economic crisis caused by the COVID-19 pandemic, IDB Invest is prioritizing the SME sector in the region by taking appropriate steps to address the difficulties they face accessing financing through financial institutions.

Investment Description

Accoring on the bank information, US$ 75 million come from the IDB Invest and other US$ 25 are mobilized through potential cofinancing, financed by IDB Invest in its capacity as administrator of the Chinese Cofinancing Fund for Latin America and the Caribbean.

Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information

Client Contact Name: Gustavo Morales
Title: Corporate Treasury
Phone Number: +2361-0909 Ext. 2700


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 You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).