GTFP BI EL SALV. (IFC-47280)

Countries
  • El Salvador
Geographic location where the impacts of the investment may be experienced.
Specific Location
El Salvador
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 9, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
BANCO INDUSTRIAL EL SALVADOR SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 26, 2023

Disclosed by Bank Mar 13, 2023

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

El proyecto consiste en una inversión de hasta US$20 millones en Banco Industrial El Salvador SA (“BI” o el “Banco”) en la forma de una línea de garantía de financiamiento comercial para transacciones con plazo de hasta un año.                                                  

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - BANCO INDUSTRIAL S.A. Client Finance

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCESO A LA INFORMACION

Puede enviar una solicitud de divulgación de información en: https://disclosures.ifc.org/#/inquiries

Si cree que su solicitud de información de IFC ha sido denegada injustificadamente, o que esta Política se ha interpretado incorrectamente, puede presentar una queja en el enlace anterior al Asesor de Políticas de Acceso a la Información de IFC, quien depende directamente del Vicepresidente Ejecutivo de IFC.

MECANISMO DE RENDICIÓN DE CUENTAS DE IFC/MIGA

El Ombudsman del Asesor de Cumplimiento (CAO, por sus siglas en inglés) es el mecanismo de denuncia independiente y el organismo de investigación para las personas que creen que es probable que se vean o hayan sido afectados negativamente por un proyecto financiado por la IFC o MIGA. Si presenta una queja ante la CAO, puede ayudar a resolver una disputa con la empresa y/o investigar para evaluar si la IFC está siguiendo sus propias políticas y procedimientos para prevenir daños a las personas o al medio ambiente. Si desea presentar una queja electrónicamente, puede enviar un correo electrónico a la CAO a CAO@worldbankgroup.org. Puede obtener más información sobre la CAO y cómo presentar una queja en http://www.cao-ombudsman.org

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