Through the proposed financing, Supervielle will be able to provide longer tenor financing to SME clients, which support (formal) job creation and help develop the Argentine economy.
FMO's loan will be used for on-lending to SMEs, a segment that extensively lacks financing for working capital and investments
The bank did not provide information about the investment type at the time of publication of this snapshot
There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).
The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.
The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Banco Supervielle S.A.||Undisclosed||-|
|General Electric Co||Parent Company||Energy||owns||Tocumen Gas-Fired Power||Client||Energy|
|Grupo Supervielle||Investor||Finance||invests in||Electronic System SA||Parent Company||Communications|
|Grupo Supervielle||Investor||Finance||invests in||General Electric Co||Parent Company||Energy|
|Grupo Supervielle||Investor||Finance||invests in||Grupo Los Grobo LLC||Parent Company||Agriculture and Forestry|
|Grupo Supervielle||Investor||Finance||invests in||PREAR Pretensados Argentinos SA||Parent Company||Construction|
|Grupo Supervielle||Investor||Finance||invests in||Tocumen Gas-Fired Power||Client||Energy|
|Grupo Supervielle||Investor||Finance||invests in||YPF Energia Electrica||Parent Company||Energy|
|Grupo Supervielle||Investor||Finance||invests in||YPF Energia Electrica Bond Facility||Client||Energy|
|YPF Energia Electrica||Parent Company||Energy||owns||YPF Energia Electrica Bond Facility||Client||Energy|
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