Original disclosure @ IDBI website
Updated in EWS Dec 16, 2022
Disclosed by Bank Aug 16, 2022
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According to the Bank’s website, the project consists of total financing of up to US$20 million with a tenor of up to seven years for the company Royal America in Chile and Colombia. Of this total, US$15 million will be granted to Arrendamiento de Maquinas Royal Rental S.A. in Chile and US$5 to Royal Rental Colombia S.A.S. in Colombia. In both cases, the funds will be used mainly for the import of electrical equipment for subsequent lease or sale.
Royal America is a regional group dedicated to the leasing of electrical machinery used in distribution centers and for the movement of industrial cargo, with operations in Chile, Colombia, and Ecuador.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Royal America||Parent Company||-|
|-||-||-||-||Royal Rental Colombia S.A.S.||Client||-|
Christian Klapp - Finance Manager
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).