CENTRO DE PRODUCCION MAS LIMPIA DE NICARAGUA (FMO-49688)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Costa Rica
  • Ecuador
  • El Salvador
  • Guatemala
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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.
Voting Date
Jul 7, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Promerica Group
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.11 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 0.10
Converted using 2016-07-07 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Aug 9, 2020


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

Project Description

The objective of this project is to assist the subsidiaries of PFC in developing green credit products and to successfully allocate FMO’s greenline funding to clients that meet our greenline’ s criteria. The core areas of support to the banks are: market analysis and identification of green projects in line with the banks’ investment criteria and FMO’s green criteria; assessment of concrete projects; procedures development and training.

Investment Description
  • Netherlands Development Finance Company (FMO)

Investment type not available at the time of the snapshot

Contact Information

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism