The proposed transaction consists in a guarantee denominated in bolivianos (BOB) for up to US$15 million to support an issuance in the Bolivian market of Social Gender Bonds in the amount of US$30 million by Banco Solidario, S.A. ("Banco Sol" or the "Bank"), to be financed by IDB Invest (the "Project"). IDB Invest will issue a Partial Credit Guarantee (PCG) for up to 50% of the bond issue in order to improve the rating profile of Banco Sol's issuance.
The resources of the bond will be used to finance micro and small-sized enterprises ("MSEs") as well as MSEs owned and/or led by women so as to increase their productive investments and economic development.
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).