BANCO DE INVERSION Y COMERCIO EXTER (FMO-54990)

Countries
  • Argentina
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
Proposed
Bank Risk Rating
A
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.
Borrower
Banco de Inversion Y Comercio Exterior SA (BICE)
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Dec 14, 2018

Disclosed by Bank Nov 15, 2018


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

Project Description

Banco de Inversion Y Comercio Exterior SA (BICE) is a Development Bank based in Argentina. BICE is focusing on financing of investments of small and medium enterprises (SME's) by granting medium to long-term loan facilities. As long-term financing is scarce in Argentina, BICE is an important provider to an underserved SME market. The Framework Agreement is an uncommitted facility between BICE and FMO/Nedlinx which will be used to fund upcoming commercial transactions between Dutch exporters and Argentine importers. FMO/Nedlinx will fund BICE who will on-lend the funds to the buyer of the Dutch exported goods.

Investment Description
  • Netherlands Development Finance Company (FMO)

The Framework Agreement is an uncommitted facility between BICE and FMO/Nedlinx which will be used to fund upcoming commercial transactions between Dutch exporters and Argentine importers. FMO/Nedlinx will fund BICE who will on-lend the funds to the buyer of the Dutch exported goods.

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