BAC Guatemala- LPG (DFC-2023-BACGUATEMALA)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Guatemala
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ciudad Guatemala
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Borrower
Banco de América Central, S.A
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Trade Finance
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 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)
$ 12.50 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)
$ 25.00 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 @ DFC website

Updated in EWS Oct 1, 2023

Disclosed by Bank Sep 9, 2023

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Can you contribute information about this project?
Contact the EWS Team

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.

The Project is expected to have a positive development impact in Guatemala through support for underserved segments in the financial sector. The Project will focus on SMEs, which generally lack sufficient collateral to secure financing, and the Western Highlands region, which has an elevated rate of poverty. A majority of borrowers are expected to be rural, and a third of them women-owned enterprises. The Project will also create modest support to the banking sector, which has limited penetration in the Guatemalan economy.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.

ACCESO A LA INFORMACIÓN

A diferencia de muchas otras instituciones financieras de desarrollo, DFC actualmente no tiene una política de acceso a la información.

Según la Ley de Libertad de Información de los Estados Unidos (FOIA), la DFC está obligada a responder a solicitudes de registros de la Agencia formuladas razonablemente. Sin embargo, DFC puede aplicar exenciones de divulgación a ciertos tipos de información y puede cobrar tarifas al responder a las solicitudes. El DFC tiene un funcionario designado de la FOIA que está capacitado sobre cómo responder a las solicitudes e implementar la ley. Puede obtener más información sobre cómo presentar una solicitud FOIA en: https://www.dfc.gov/foia

MECANISMO DE RENDICIÓN DE CUENTAS DE LA CORPORACIÓN FINANCIERA INTERNACIONAL PARA EL DESARROLLO (DFC) DE LOS ESTADOS UNIDOS

La Oficina de Responsabilidad es una oficina independiente que atiende quejas sobre cuestiones ambientales o sociales relacionadas con proyectos apoyados por el DFC. La oficina brinda a las comunidades la oportunidad de que sus inquietudes se revisen y aborden de forma independiente. Si presenta una queja a la Oficina de Responsabilidad, esta puede ayudarlo buscando abordar sus problemas facilitando un diálogo de resolución de problemas entre usted y quienes implementan el proyecto y/o investigando si el DFC cumplió con sus políticas para prevenir daños ambientales, daños sociales, de derechos humanos y laborales.

Puede encontrar más información sobre la Oficina de Responsabilidad en: https://www.dfc.gov/who-we-are/office-accountability

How it works

How it works