Financiamiento de la cadena de abastecimiento de Ortiz Construcciones en Mexico, Colombia y Panama (IDBI-13148-01)

Countries
  • Colombia
  • Mexico
  • Panama
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
Proposed
Bank Risk Rating
C
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
Sep 17, 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.
Borrower
Ortiz Construcciones y Proyectos, S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 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 Aug 11, 2020


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Project Description

Ortiz Construcciones y Proyectos, S.A. (the “Grupo Ortiz” or “the Company”), has requested IDB Invest for its financial assistance to establish an uncommitted revolving credit line (the “Line”) to finance the suppliers of its branches in Mexico, Colombia and Panama, through the acquisition of collection rights (the "Project" or the "Operation"). The Operation includes accounts receivable whose payment will be deferred due to the exceptional measures adopted by the Company to mitigate the impact of COVID-19 on its supply providers.

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

Para preguntas acerca del Proyecto favor contactar a Grupo Ortiz:

Nombre: Maria Carpintero
Titulo: Directora Economico-Financiera
Numero de telefono: (+34) 91 - 343-1600
Correo electronico:
maria.carpintero@grupoortiz.com

Nombre: Jose Ramon Arellano
Titulo: Jefe Financiero
Numero de telefono: (+34) 91 - 343-1600
Correo electronico:
joseramon.arellano@grupoortiz.com

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).