According to the Bank's website, this project finances a facility with Banco Santander in Chile on a portfolio of trade-related assets for up to US$300 million and an availability period of 3 years. Santander will retain at least 50% of the total portfolio exposure, while IFC will take the risk of the remaining 50% or up to US$150 million.
This project has been categorised as FI-2 for Environmental Category.
Patricia Perez Pallacan
Head of Capital Management
+56 2 2320 3131
Bandera 140, 19th Floor
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/