Original disclosure @ IDBI website
Updated in EWS Nov 8, 2022
Disclosed by Bank Sep 2, 2022
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CAMSA Industria y Comercio S.A. ("CAMSA" or the "Company") has been in business for more than 30 years and is a major player in the Bolivian wholesale trade sector. The Company holds a diversified portfolio with four main lines of business: automotive, household appliances and electronics, pharmaceuticals, and consumer goods. It also has a significant presence across the country with nine operating centers scattered among the departments of La Paz, Cochabamba, Tarija, and Santa Cruz.
IDB Invest will structure an uncommitted revolving line of credit to finance the Company's working capital requirements for up to US$5 million, with disbursements in terms of up to 390 days. The project is intended to provide a comprehensive working capital solution that will enable CAMSA to improve efficiency in its existing operations, strengthen its supply chain, and continue with its growth plan.
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
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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).