Original disclosure @ IADB website
Updated in EWS Jun 4, 2025
Contribute Information
Can you contribute information about this project?
Contact the EWS Team
According to the Bank’s website, the project's objective is to support the growth in terms of valuation, revenues, and jobs of up to 25 early-stage, tech-driven startups that are based or operating in El Salvador, Guatemala, and Honduras.
The E&S risks associated with the potential portfolio are low to medium in nature and are primarily related to labor and working conditions. As such, the transaction has been categorized as FI-2 under the IDB's Environmental and Social Policy Framework, as some of the portfolio's investments are expected to have limited adverse E&S impacts. These impacts are few, site-specific, largely reversible, and easily addressed through mitigation measures.
An equity investment of US$2.0M in the “ICV Delta Fund I” fund.
No contacts available at the time of disclosure.
ACCOUNTABILITY MECHANISM OF IADB
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).