To support the expansion of the small and medium enterprise (“SME”) loan portfolio of Banco BTG Pactual S.A. (DFC-2021-BANCOBTGPACTU)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
UNINFORMED
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
  • US International Development Finance Corporation (DFC)
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.
Borrower
Banco BTG Pactual S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
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)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Sep 23, 2021


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Project Description

This Project is expected to have a highly developmental impact on
Brazil through the issuance of loans to SME borrowers in the host
country. The Bank will focus this funding on lending to women, with a
portion of funding dedicated to women-owned and women-led clients,
as well as a portion allotted for the underdeveloped states of the
country’s north and northeast. The SME financing gap in Brazil is an
estimated $483 billion. Additionally, though the country is classified as
an upper-middle-income country by the World Bank, Brazil struggles
with income inequality. The country’s GINI coefficient at 53.9 is of
one the highest in the world, and the income disparity between the south
and north is pronounced.

Investment Description

Contact Information

UNINFORMED