Original disclosure @ IFC website
Updated in EWS Mar 5, 2021
Disclosed by Bank Feb 26, 2021
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The proposed project is a one-year senior unsecured loan renewable annually once at IFC's discretion, for a maximum aggregate period of up to 2 years under the Working Capital Solutions (WCS) product, for up to US$40 million to Sagicor Bank Jamaica Limited (“Sagicor Bank” or the “Bank”) in Jamaica. The purpose of the proposed IFC investment is to support the Bank’s working capital and trade-related lending to Jamaican enterprises, including small and medium enterprises as a result of the COVID-19 pandemic.
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
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