Original disclosure @ IFC website
Updated in EWS Jan 2, 2021
Disclosed by Bank Nov 18, 2020
Can you contribute information about this project?
Contact the EWS Team
The proposed investment will provide a senior secured loan (IFC Loan) of up to US$50 million to Banco La Hipotecaria, S.A., (LH Panama), La Hipotecaria, S.A. de C.V. in El Salvador (LH ES); and La Hipotecaria Holdings Inc. (LH Holding), in British Virgin Islands (together “LH” or the ”Company”), as co-borrowers, aimed at supporting the residential mortgage lending to low-and-middle-income sectors in Panama and El Salvador. Up to US$25 million will be insured through the MCPP II Facility and 50 percent of the proceeds will be used to finance women mortgages (the Project).
Project contacts not available at the time of disclosure.
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
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