According to the Bank’s website, the proposed transaction with ANSA Merchant Bank Limited ("ANSA Merchant" or "AMBL") consists of a financing for up to US$50 million to be comprised of a committed subordinated unsecured loan of up to US$35 million and an uncommitted subordinated loan of up to US$15 million, each to be financed by IDB Invest. Each of the subordinated loans will have a tenor of up to seven years. The purpose of the financing is to support AMBL's Tier 2 capital financing as follows: the committed subordinated loan will support AMBL's strategy to grow its SME lending portfolio and develop its digitalization capabilities and the uncommitted subordinated loan will support aimed at AMBL's lending in green portfolios subject to a robust EMS.
In addition, ANSA Merchant will sign an agreement for technical advisory services provided by IDB Invest aimed at supporting the development of its green finance portfolio and line of business. The Advisory services will include the development of a sustainable finance strategy, a portfolio analysis and segmentation and the development of at least one green financial product.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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CONTACT NAME: Reaaz Shah
POSITION: Tesorero del Grupo
PHONE NUMBER: 868-225 -1098
IDB Invest Contact
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request
ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
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 (IDB Invest)-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 IDB Invest 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).