Honduras SBI (IFC-603167)

Countries
  • Honduras
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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 24, 2018
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.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 25, 2019

Disclosed by Bank Jun 3, 2019


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Project Description

According to IFC website, the Project aims at building the capacity of Asociacion Hondurena de Instituciones Bancarias (AHIBA) member banks with a view to increasing their ESG knowledge and introducing best practices to the Honduran banking market. The Project will consist of the delivery of a series of workshops and training delivered to AHIBA and local banks in order to build ESG capacity and facilitate better understanding, awareness and implementation of best ESG practices. The Project also includes the development of guidance materials in E&S matters to support these workshops, as well as the development of a report on CG in FIs in Honduras based on a survey to be developed by the Project and administered by AHIBA.

People Affected By This Project

As a result of this Project, participating financial institutions (FIs) and/or related entities in Honduras will be expected to (i) improve or develop capacity and processes for ESG risk management and/or (ii) disseminate and promote sound ESG standards in the Honduran market.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure. 

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/