Tigo El Salvador Network Connectivity Financing (IDBI-15420-01)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • El Salvador
Geographic location where the impacts of the investment may be experienced.
Specific Location
San Salvador
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 18, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Tigo El Salvador
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 14, 2025

Disclosed by Bank Apr 21, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

BID Invest está considerando ofrecer un paquete de financiamiento que incluye tres productos financieros a Telemóvil El Salvador, SA de CV (la "Compañía" o "Tigo"). El primer tramo (15420-01) consiste en un préstamo a largo plazo de hasta US$150 millones. Este financiamiento forma parte de un plan estratégico de inversión de capital de US$300 millones para el período 2024-2027, destinado a apoyar la expansión de la red de infraestructura móvil y fija de Tigo en El Salvador, e incluye la refinanciación parcial de las obligaciones de deuda vencidas. El paquete de financiamiento a largo plazo, en el que BID Invest actuaría como prestamista oficial para la totalidad del financiamiento, incluye US$75 millones en préstamos de BID Invest ("Préstamo A") y hasta US$75 millones a ser movilizados de bancos comerciales ("Préstamo B"). El segundo tramo (15481-01) es una línea de crédito revolving de hasta US$30 millones y, finalmente, el tercer tramo (15558-01) incluye una línea de financiamiento para teléfonos inteligentes no comprometida de hasta US$25 millones.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Telemovil El Salvador SA de CV


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CORREO ELECTRÓNICO: [email protected]

TELÉFONO: +1(202)-566-4566

DIRECCIÓN: 1350 New York Ave NW, Washington, DC 20005

ACCESO A LA INFORMACIÓN

Puede enviar una solicitud de divulgación de información en: https://www.iadb.org/es/access-information/information-request

MECANISMO DE RENDICIÓN DE CUENTAS DEL BID/BID INVEST

El Mecanismo Independiente de Consulta e Investigación (MICI) es el mecanismo independiente de quejas y el órgano de investigación para las personas que han sido o podrían ser afectadas negativamente por un proyecto financiado por el Banco Interamericano de Desarrollo (BID) o la Corporación Interamericana de Inversiones (BID Invest). Si presenta una queja ante el MICI, este puede ayudarle a abordar los problemas que planteó mediante un proceso de resolución de disputas con quienes implementan el proyecto o mediante una investigación para evaluar si el BID o BID Invest están siguiendo sus propias políticas para prevenir o mitigar daños a las personas o al medio ambiente. Puede presentar una queja enviando un correo electrónico a MICI@iadb.org. Puede obtener más información sobre el MICI y cómo presentar una queja en http://www.iadb.org/en/mici/mici,1752.html (en inglés) o http://www.iadb.org/es/mici/mici,1752.html (español).

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