XM-DAC-903-SII-32763 International Finance Corporation The Project is to construct and operate a new dedicated container terminal (the Terminal) within Puerto Quetzal. The Terminal will operate under a 25-year Contrato de Usufructo Oneroso (Usufruct Agreement) on leased land owned by Empresa Portuaria Quetzal, the state owned company that owns and administers Puerto Quetzal. The proposed financing would help execute Phase 1 investments required under the Usufruct Agreement and help create a container facility with an annual capacity of 340,000 twenty-foot container equivalent units (TEUs). At full build out, the Terminal will have an annual capacity of 700,000 TEUs and be able to handle post-panamax ships. The construction of the terminal will contribute to increasing Guatemala''s competitiveness and trade by offering needed, modern and efficient container handling capacity to better serve the country''s exports and imports. It will also help facilitate trade with new markets (South America and Asia), as the Project will allow handling of post-panamax vessels and expand the existing port''s capacity for handling containers. The Project will also increase foreign direct investment in the country, generate new jobs, and generate new taxes for the local and state governments. APM TERMINALS QUETZAL SA Gabriel Corrales Zambrano Director Adjunto Terminal de Contenedores Quetzal S.A . Diagonal 6, 10-50, Zona 10 Edificio Interaméricas, Torre Norte 1404 Guatemala 01010 Tel: +502 30038105 E-mail: gcorrales@tcq.com.gt Website: http://www.tcq.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Terminal de Contenedores Quetzal, S.A. Address: Diagonal 6 10-50 Zona 10, Edificio Interaméricas, Torre Norte Oficina 1404, Guatemala 01010 Tel: +502 2312-0164 Website: http://www.tcq.com.gt Guatemala The Project is located within Puerto Quetzal, located on Guatemalas Pacific coast, approximately 1.5 hours drive from Guatemala City. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 E-BB - Port and Harbor Operations Total: $44.70 million 35000000.00 9700000.00 35000000.00 APM TERMINALS QUETZAL SA 9700000.00 APM TERMINALS QUETZAL SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32763/tcq-project XM-DAC-903-SII-32770 International Finance Corporation The proposed investment consists of a 5-year local currency Parallel Loan for up to US$15 million (US$7.5 million from IFCs own account) to support Compartamos S.A. ("Compartamos GT" or the Company) in growing its loan portfolio in Guatemala. Proceeds from the credit line will be utilized by Compartamos GT to increase and diversify its funding base - currently a greenfield purely funded by equity - by obtaining medium-term funding for on lending to small and micro enterprises in Guatemala. (i) Supporting microfinance: The Project will help support an institution that provides financial services to the underserved regions of Guatemala by providing it with stable and diversified funding to expand its operations, enchanced capacity and increased outreach; (ii) Demonstration effects: The Project will demonstrate the attractiveness of a commercial microfinance institution as many standalone entities are NGO-backed; the Company''s success should encourage best practices and the development of a broader array of microfinance products; (iii) Enhance financial access: in a number of frontier regions in Guatelama with large indigenous populations; (iv) Poverty reduction through entrepeneurship. Compartamos, S.A. Angel Urbina Alarcon Gerente Financiero Compartamos, S.A. Tel. +502 7956 3500 ext. 15114 Dir. +502 7956 3514 Móvil. 5966 4833 mailto:aurbina@compartamos.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Not applicable. Guatemala Compartamos GT is headquartered in Quetzaltenango, Guatemala where the management team is based. Its operations span 15 offices across 5 Guatemalan states (as of September 2012), which the Company plans to grow during 2013 and 2014. Investments will be made in rural areas with limited access to financial services given Compartamos GTs business model; additionally the Company would serve more than half of Guatemalas frontier regions. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $7.68 million 7680000.00 7680000.00 Compartamos, S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32770/compar-gt-loan XM-DAC-903-SII-39578 International Finance Corporation p.cls-NormalWeb { margin-top:5pt; margin-bottom:5pt; text-align:justify; font-family:'Times New Roman', 'serif'; font-size:12pt; line-height:108%; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { font-family:'Times New Roman', 'serif'; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } span.cls-000000 { font-size:12pt; font-weight:normal; margin:0in; padding:0in; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;}  The project consists of two 3-year senior unsecured loans to  Fundación Génesis Empresarial  (Genesis or the Company), the largest microfinance institution (MFI) in Guatemala. The proceeds will finance the growth of Genesiss micro and small loan portfolio (the Project).    The Project will increase access to finance to the underserved population in Guatemala, at least 70 percent of whom would be women. This project intends to contribute to the goal of Universal financial access 2020 ("UFA") of the World Bank Group with operations extended by Génesis Empresarial Foundation to increase its outreach to underserved and vulnerable. The project prioritize access to financing for women, indigenous and rural populations in Guatemala, through market-wide adoption of impact business models, capacity building and enhanced market participation, promoting economic and social sustainable development. FUNDACION GENESIS EMPRESARIAL Fundación Génesis Empresarial Rosario Sarmiento CFO (502) 2388 1046 rsarmiento@genesisempresarial.com 13 Calle 5-51, Guatemala http://www.genesisempresarial.org/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala p.cls-NormalWeb { margin-top:5pt; margin-bottom:5pt; text-align:justify; font-family:'Times New Roman', 'serif'; font-size:12pt; line-height:108%; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { font-family:'Times New Roman', 'serif'; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;} Genesis headquarters are located in Guatemala City and 87% of its 84 branches are located in rural areas. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $20.00 million 20000000.00 20000000.00 FUNDACION GENESIS EMPRESARIAL Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39578/genesis-i-project XM-DAC-903-SII-42398 International Finance Corporation  The proposed investment in Banco Agromercantil de Guatemala S.A. (BAM or the Bank), the fourth largest commercial bank in Guatemala, consists of a senior financing package of up to US$225 million to support the growth of the Banks small and medium-sized enterprises (SMEs) and housing loan portfolios. Despite the significant role played by SMEs in the Guatemalan economy, as it produces 40% of GDP, the amount of lending to these companies is constrained. The SME financing gap in Guatemala is estimated at US$15 billion, or 20% of GDP. Furthermore, the estimated unmet housing demand in Guatemala is large at around 1.8 million homes. IFC anticipates that the project will increase access to SME and housing finance and contribute to narrowing the financing gap for these segments in Guatemala. Banco Agromercantil de Guatemala S.A. Banco Agromercantil Aleyda Palma Manager International Banking (502) 2362-2623 7a Avenida 7-30 Zona 09, Guatemala City bam.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala BAM is headquartered in Guatemala City, Guatemala. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AH - Commercial Banking - SME Finance Total: $125.00 million 125000000.00 125000000.00 Banco Agromercantil de Guatemala S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42398/bam-loan-project XM-DAC-903-SII-44102 International Finance Corporation The proposed financing package in Banco Agromercantil de Guatemala S.A. (BAM or the Bank), the fourth largest private commercial bank in Guatemala, consists of an investment of up to US$40 million under IFCs COVID 19 Working Capital Solutions (WCS) Crisis Response Facility to support/expand the Banks working capital and traded-related lending program to Guatemala micro small and medium-sized enterprises (MSMEs) as result of the COVID 19 pandemic. By supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. Banco Agromercantil de Guatemala S.A. Banco Agromercantil de Guatemala Aleyda Palma Manager International Banking (502) 2362-2623 aleyda.palma@bam.com.gt 7ª. Avenida 7-30 Zona 09, Guatemala City - Guatemala www.bam.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala BAM is headquartered in Guatemala City, Guatemala. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AK - Commercial Banking - Trade and Supply Chain Total: $20.00 million 20000000.00 20000000.00 Banco Agromercantil de Guatemala S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44102/wcs-covid-crisis-response-bam XM-DAC-903-SII-43670 International Finance Corporation The proposed IFC Investment consists of a subordinated C loan of up to US$80 million, (the Project) to be provided to Banco GyT Continental Guatemala S.A. (GyT or the Bank), an IFC client since 2008.    The Projects main objective is to contribute to strengthening the Bank's capital base for future business growth. The Guatemalan banking regulation includes subordinated debt as part of Tier II capital. Also, the funds of the Project will enable GyT to continue its strategic move to gain a stronger presence in the small and medium enterprises (SMEs) market, mortgage housing for individuals, and Climate Smart lending consisting of green buildings in urban areas, and energy efficiency sub-projects. The expected project-level outcomes are: Increased access to finance for SMEs and increased access to housing and green finance. Beyond the project-level outcomes, IFC anticipates that the investment will have the potential to promote greater market awareness via innovation and demonstration of new possible products. BANCO G AND T CONTINENTAL S.A. Banco GyT Continental Julio Sandoval Chief Financial Officer (502) 2338 6801 Ext.: 33690 jsandoval@gtc.com.gt 6ª. Avenida 9-08 zona 9, Plaza G&T Continental, Quinto Nivel https://www.gtc.com.gt/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala  Guatemala                                                  Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AA - Commercial Banking - General Total: $80.00 million 80000000.00 80000000.00 BANCO G AND T CONTINENTAL S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43670/gyt-sub-debt XM-DAC-903-SII-45622 International Finance Corporation  The proposed investment consists of a senior unsecured loan to Fundación Génesis Empresarial (the Company or Génesis). The purpose of the proposed IFC investment is to expand the Companys loan portfolio for micro and small enterprises (MSEs) in Guatemala. At least 50 percent of the proceeds will finance women owned and led MSEs (WMSEs). The most significant, expected Project-level outcome is increased access to finance for underserved MSE segments in Guatemala, including WSEs. Beyond the Project and in conjunction with other WBG efforts in the country, the investment will foster greater financial inclusiveness for MSEs and WSEs through the demonstration and replication channel by encouraging other financial institutions to grow their MSE portfolios. FUNDACION GENESIS EMPRESARIAL Fundación Génesis Empresarial Roberto Antonio Paz Salazar Business Finance Manager +502 4769-4835 rpaz@genesisempresarial.com Guatemala 01009, Guatemala www.genesisempresarial.org International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala  Genesis headquarters are located in Guatemala City and 94 percent of its 151 branches are located in rural areas. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $20.00 million 20000000.00 20000000.00 FUNDACION GENESIS EMPRESARIAL Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45622/genesis-ii-project XM-DAC-903-SII-46242 International Finance Corporation   The proposed investment consists of a one-year, renewable senior loan of up to US$100 million to Banco Industrial S.A (Banco Industrial or the Bank) under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. Banco Industrial is a potential partner for IFC across Central America, given that is the largest bank in Guatemala, and through this project IFC will strengthen its portfolio of small and medium enterprises (SMEs) and  women-owned SMEs (WSMEs). IFCs investment will deliver working capital support targeted to SMEs, with a minimum [20%] of the proceeds used to finance WSMEs that are impacted by the crisis (the Project).                                                 Expected Development Impact of the Project The expected project-level outcomes are: Increased access to finance for SMEs (including WMSEs). Beyond the project-level outcomes, IFC expects this Project to contribute to market resilience, by supporting a systemic player to maintain and strengthen the SME lending market. BANCO INDUSTRIAL SA Banco Industrial Jose Javier Jo Lam Subgerente Corresponsalía y Financiamiento Internacional +502 2331-6234 jlam@bi.com.gt Via 5, 5-34 zona 4, Centro Financiero, Torre 3 Nivel 8, Guatemala, 01004 www.bi.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala  Guatemala                                                   Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AA - Commercial Banking - General Total: $100.00 million 100000000.00 100000000.00 BANCO INDUSTRIAL SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46242/bi-covid-19-wcs XM-DAC-903-SII-45818 International Finance Corporation   The proposed investment entails a senior unsecured Sustainability-Linked Loan to Distribuidora de Electricidad del Oriente S.A. (DEORSA) and Distribuidora de Electricidad del Occidente S.A. (DEOCSA, together with DEORSA Energuate or the Company).                                                   The main project outcomes are the improvements in access and quality of electricity supply, particularly to serve the rural population. Beyond the project, the main expected market effect is to improve financial integration which derives from introducing a replicable instrument (e.g., sustainability linked loan) to the market, thus diversifying and increasing sources of financing for players in the sector. ENERGUATE Distribuidora de Electricidad de Oriente, S.A. and Distribuidora de Electricidad de Occidente, S.A. Paulo Cesar Parra Chief Executive Officer pcparra@energuate.com Diagonal 6, 10-50 zona 10 | Edificio Interamericas Torre Sur Nivel 14 Guatemala https://www.energuate.com/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000         https://www.energuate.com                                                                                               Guatemala     Regions under Energuates energy distribution authorizations, which cover 20 out of 22 departments in Guatemala.                                                 Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 V-EA - Distribution Business Total: $100.00 million 100000000.00 100000000.00 ENERGUATE Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45818/energuate-ucl XM-DAC-903-SII-48228 International Finance Corporation  The proposed project is an up to US$220 million financing package for Banco Industrial S.A. (Banco Industrial or the Bank) in Guatemala, consisting of: (i) an up to US$170 million senior unsecured A loan for IFCs own account (IFC A Loan), part of which benefits from (ii) up to US$75 million unfunded mobilization through the MCCP FIG program, in which IFC will transfer the credit risk to insurance companies, which results in a net IFC own-account exposure of not more than US$95 million, and (iii) a trust loan of up to US$50 million from IFC acting in its capacity as the implementing entity for the Managed Co-Lending Portfolio Program (MCPP).   The loan proceeds will be used to fund the growth of the Banks small and medium enterprise (SME) and climate-related assets , which is expected to be at least the 40% of the proceeds (the Project). The proposed senior unsecured IFC A Loan will have a maturity of up to 4-years, with a 1-year grace period.                                                    The expected project-level outcomes are: Increased access to finance for SMEs, increased access to green finance. Beyond the project-level outcomes, IFC anticipates that the investment will promote an increase in climate finance available in the Guatemalan financial sector, contributing to improved environmental sustainability. BANCO INDUSTRIAL SA Banco Industrial Jose Javier Jo Lam Subgerente Corresponsalía y Financiamiento Internacional +502 2331-6234 jlam@bi.com.gt Via 5, 5-34 zona 4, Centro Financiero, Torre 3 Nivel 8, Guatemala, 01004 www.bi.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala  Guatemala                                                 Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AA - Commercial Banking - General Total: $170.00 million 170000000.00 170000000.00 BANCO INDUSTRIAL SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48228/bi-climate-sme-loan-2023 XM-DAC-903-SII-48629 International Finance Corporation Financing to Luminova Pharma Company (Luminova or the Company) to support the execution of its strategic plan including: (i) international expansion; and (ii) increased capacity and new products launch (the Project). Luminova is one of the largest pharma companies based in Central America engaged in the development, manufacture, and commercialization of generic pharmaceuticals. With two manufacturing facilities in Guatemala and more than 950 employees, Luminova has capacity for solids, semisolids, liquids, and injectables in the main therapeutical units including acute care (antibiotics, self-care, nutrition, anemia, respiratory self-care), and chronic care (cardio, diabetes, CNS, dyslipidemias, venous system, urology).                                           The Project responds to the growing need for affordable and high-quality pharmaceuticals in LAC . This region faces substantial challenges affording and accessing the pharmaceuticals, and the needs are particularly acute in IDA countries which are often relatively under-served due to the small market size and regulatory barriers to entry for new generics. The need for an appropriate range of affordable medication will be accentuated as these countries often face substantial increases in non-communicable diseases, the ongoing burden from communicable diseases and the potential for infectious disease outbreaks. This project responds to this challenge by financing Luminovas strategic plan which includes expansion in a number of markets including in CA, which will be facilitated by the acquisition of a manufacturing facility located in Spain. This will expedite exports to LAC as it is easier to register products given EMA approval. The Company will implement a technology transfer from Guatemala to the company in Spain, obtain the registries there (EMA), for some of the products use the production facility in Spain to complete the last part of the production process (filling, packaging, etc.) and then export from there to LAC. In this way, the acquisition in Spain will facilitate an increase in production from Guatemala and the entry of the company into new developing markets. The project will directly benefit patients through the increased production of medicines, and improved variety as new products are introduced to markets. This will strengthen their performance as Luminovas entry can be expected to increase levels of competition which will lead to lower prices and more variety. Luminova Pharma Alliance, Inc. Luminova Pharma Alliance Humberto Gonzalez CFO +(502)-5017-8159 hugonzalez@luminovapg.com Edificio AVIA Nivel 12 Oficina 1200, Zona 10, Guatemala, Guatemala, C.A. www.luminovapg.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000   Refer to client and IFC contact details.                                                                                                       Guatemala The Company is located in Guatemala City, Guatemala, and the Project will have reach to the Central American region. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 other Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48629/luminova-project XM-DAC-903-SII-50120 International Finance Corporation  The proposed investment consists of an up to US$350 million financing package to Banco Industrial S.A. (Banco Industrial, Industrial, BI or the Bank) in Guatemala, composed of: (i.) an up to US$190 million senior unsecured A loan for IFCs own account (IFC A Loan), part of which benefits from US$90.0 million unfunded mobilization through the Managed Co-Lending Portfolio Program (MCPP) FIG III program, in which IFC will transfer the credit risk to insurance companies, which results in a net IFC own-account exposure of not more than $100 million; and (ii.) a mobilized tranche of up to US$160.0 million from B and/or Parallel Lenders.  The loan proceeds will be used to fund the growth of the Banks climate-related assets, SMEs portfolio and sustainable housing. The proposed senior unsecured IFC A Loan will have a maturity of up to 4-years, with a 1-year grace period.                                                The expected project-level outcomes are: Increased access to finance for SMEs, sustainable housing and increased access to green finance. Beyond the project-level outcomes, IFC anticipates that the investment will promote an increase in climate finance available in the Guatemalan financial sector, contributing to improved environmental sustainability. BANCO INDUSTRIAL SA Banco Industrial Jose Javier Jo Lam Internacional +502 2331-6234 jlam@bi.com.gt Via 5, 5-34 zona 4, Centro Financiero, Torre 3 Nivel 8, Guatemala, 01004 www.bi.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala    Guatemala                                                 Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AA - Commercial Banking - General Total: $190.00 million 190000000.00 190000000.00 BANCO INDUSTRIAL SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/50120/banco-industrial-a-b XM-DAC-903-SII-49032 International Finance Corporation  The project entails financing to the Municipality of Guatemala City (MGC) to address the citys infrastructure bottlenecks by funding capital expenditures in (1) water infrastructure, such as small greenfield water treatment plants (WTP), as well as the rehabilitation and expansion of existing WTPs managed by the municipal water company EMPAGUA; (2) modernizing the citys traffic light system through the installation of smart traffic lights and associated software and infrastructure upgrades to the existing control center, managed by the MGCs Regulatory Entity for Transportation and Traffic - EMETRA and (3) assessing the feasibility of installing urban cycling routes and the deployment of a public bicycle system, managed by the Department of Urban Mobility, Planning Management of the MGC (together, the Project). Stakeholder effects: The Project increases availability of drinking water in the MGC. The Project will support municipal investments by EMPAGUA, including the construction of three greenfield Water Treatment Plants (WTP) and the rehabilitation of the infrastructure network in Guatemala City. These investments will optimize the use of surface water and provide an alternative to alleviate exploited groundwater resources. IFC expects these investments will add 520 l/s of installed capacity to treat drinking water, which will increase by 13 percent the volume of drinking water supplied to GMC (from 126.1 million m3/year to 142.5 mill m3/year by 2027) Hence, benefiting nearly 884,000 users with improved potable water availability (50 l/day) and resilience to climate change vulnerabilities. Environmental effects: The Project is expected to treat contaminated surface water to address water scarcity and climate change vulnerabilities. In this sense, the Project provides a short-term solution to preserve critical surface water resources under stress and secure a more stable water production that is less sensitive to climate change. The Project supports the construction of three greenfield WTPs, which will add capacity to treat 220 l/s or 6.9 million m3/year of surface contaminated water. This will enable EMPAGUA to treat nearly 13 percent of total contaminated surface water in Guatemala City, which would become available for reuse in a water scarce context. Hence, improving the availability of treated drinking water sources to adapt to the stress of climate-driven drought the short-term, while the municipality develops integral long-term solutions to holistically address water scarcity. MUNICIPALITY OF GUATEMALA Municipalidad de Guatemala Roberto Fernando Rodríguez Valladares Gerente Municipal Administrativo, Municipalidad de Guatemala +502 2285-8081 rfrodriguez@muniguate.com 21 calle 6-77 zona 1, Edificio Palacio Municipal, 6to nivel, ciudad de Guatemala, Guatemala https://www.muniguate.com/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000   Roberto Fernando Rodríguez Valladares Gerente Municipal Administrativo , Municipalidad de Guatemala 21 calle 6-77 zona 1, Edificio Palacio Municipal, 6o nivel , ciudad de Guatemala, Guatemala Email:     rfrodriguez@muniguate.com ,   hramirez@muniguate.com Guatemala  The Project will be located in Guatemala City and within the premises of EMPAGUA in surrounding municipalities, including San Miguel Petapa, San José Pinula and Mixco Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 other Total: $27.24 million 27240000.00 27240000.00 MUNICIPALITY OF GUATEMALA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49032/muniguate-urp XM-DAC-903-SII-49872 International Finance Corporation   The proposed project (the Project) consists of a sustainable Diversified Payments Rights (DPR) notes issuance of up to US$200 million by Banco G&T Continental (GTC or the Bank), an IFC client since 2008, in Guatemala. The investment will be executed under the Banks existing DPR program and through a Special Purpose Corporation (Titularizadora Centro Americana de DPRs or the SPC). The sustainable notes will be collateralized by US-denominated DPRs originated by GTC and will have a tenor of 7 years, with a 2-year grace period. The use of proceeds of the investment is to support GTCs loan portfolio growth in (i) climate-related assets, including green buildings and energy-efficiency sub-projects; (ii) Small and Medium Enterprises (SMEs) in accordance with IFCs definition and applicable local regulation; and (iii) low-income housing, with a specific carve out to support women home ownership.  The aforementioned use of proceeds will comply with applicable Guatemalan Regulations, including E&S requirements. The most significant, expected Project-level outcome is increased access to sustainable assets, housing loans and SME finance. Beyond this outcome, IFC anticipates the investment will promote sustainable financing in Guatemala through an innovative financial instrument. The Project will support the first issuance of a sustainable DPR by a bank, paving the way for other FIs to carry out similar issuances. SPV Banco GyT DPR Banco GyT Continental Julio Sandoval Chief Financial Officer (502) 2338 6801 Ext.: 33690 jsandoval@gtc.com.gt 6ª. Avenida 9-08 zona 9, Plaza G&T Continental, Quinto Nivel https://www.gtc.com.gt/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Guatemala Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AA - Commercial Banking - General Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49872/dcm-banco-gyt-dpr XM-DAC-903-SII-51381 International Finance Corporation The proposed financing entails an up to 10-year senior unsecured A/B Loan, in the form of A/B Loan, for US$770 million to Distribuidora de Electricidad del Oriente S.A. (DEORSA) and Distribuidora de Electricidad del Occidente S.A. (DEOCSA, together with DEORSA Energuate or the Company).                  The Project has an expected AIMM rating of Good, with a score of 66. On an unadjusted basis (i.e., without the likelihood factor), the full potential AIMM score could reach 88. ENERGUATE Energuate Paulo Cesar Parra Chief Executive Officer NA pcparra@energuate.com NA https://www.energuate.com/conocenos.html International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 iPortal/Legal documents Guatemala Regions under Energuates energy distribution authorizations, which cover 21 out of 22 departments in Guatemala. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 V-EA - Distribution Business Total: $100.00 million 100000000.00 100000000.00 ENERGUATE Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/51381/project-itzamna XM-DAC-903-SII-49189 International Finance Corporation The proposed project consists of an up to US$230 million financing package for Banco de America Central, S.A. (BAC Gt or the Bank) in Guatemala, composed of: (i) an up to US$200 million senior unsecured loan for IFCs own account (IFC A Loan); and (ii) a Global Trade Finance Program (GTFP) line of up to US$30 million. The loan will have a 4-year tenor with a 1.5-year grace period and the proceeds will be used to support the growth of the Bank's climate-smart assets (including green buildings and circular economy) and micro, small and medium-sized enterprises (MSME) loan portfolio. The trade line will support the Banks short-term trade finance transactions by offering confirming banks partial or full guarantees to cover payment risk of the Bank in Guatemala.                                                     The most significant expected Project-level outcome is increased access to finance MSMEs and increased access to climate finance including green buildings and circular economy. Beyond this outcome, IFC anticipates the Project will promote greater market sustainability as IFC anticipates that the investment will lead to an increase in climate finance throughout the Guatemalan financial sector. BANCO DE AMERICA CENTRAL, S. A. Banco de America Central S.A. Gustavo Morales Corporate Treasurer (502) 5414-1465 gmorales@baccredomatic.gt Avenida Petapa 38-39, zona 12. Ciudad de Guatemala. Guatemala https://www.baccredomatic.com/es-gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Guatemala.                                                    Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 O-AA - Commercial Banking - General Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49189/bac-gt-debt XM-DAC-903-SPI-4216 International Finance Corporation Summary of Project Information (SPI) Project Name Guatemala-Pantaleon Group Expansion Region Latin America and Caribbean Sector Manufacturing Project No 004216 Projected Board Date July 28, 1995 Companies Name Pantaleon, S.A. and Concepcion, S.A. Technical Partner and/or Major Shareholders Pantaleon, S.A. is 100% owned by members of the Herrera family.  Concepcion, S.A. shareholding structure is as follows:  Herrera family (37%), Pantaleon, S.A. (17%), Nottebohm family (28%), and Widmann family (18%) Project Cost US$83 million (of which Pantaleon component, US$58 million and Concepcion component, US$25 million) IFC Investment US$25 million (of which US$20 million for Pantaleon and US$5 million for Concepcion) Location of Project and Description of Site Escuintla Department, Guatemala 70 Kms Southwest of Guatemala City Description of Company and Purpose of Project Pantaleon and Concepcion are two leading cane sugar factories operating in Guatemala since the late 1800s and early 1900s, respectively; they are now part of the Pantaleon group.  Pantaleon and Concepcion currently produce, on a combined basis, about 273,000 MTY of cane sugar.  The project will:  (i) expand the companies own cane growing operations by about 2,600 ha, (ii) increase total sugar output by 110,045 MTY, and (iii) increase existing electricity generation capacities to at least 164 Gwh by burning bagasse during the 170-day harvest period, and using fuel oil during the off-season.  The project will also expand Pantaleon group''s ongoing technical assistance program to a large number of small sugarcane farmers. Environmental Category and Issues This is an environmental category B project according to IFC''s environmental review procedure.  The project includes upgrading and expansion of Pantaleon''s and Concepcion''s cane growing and processing facilities including installation of co-generation units at both plants.  The wastewater from the two processing plants are treated and used as irrigation water in the sugar cane plantations.  Solid organic matter from the process is used as fuel in the co-generation units.  As part of the project flue gas treatment systems will be installed to remove particulate from the offgas.  The companies have also agreed during the project implementation to change to a fuel quality that will bring the two plants into full compliance with World Bank guidelines. The Environmental Review Summary is expected to be available on or about July 10, 1995 from the Public Information Center. Host country location of environmental documents:  Pantaleon, Diagonal 6, 10-31, Zona 10, Guatemala City, Guatemala Date SPI sent to PIC June 19, 1995 For additional Information contact:  Corporate Relations Unit- telephone:  (202) 473-7711 facsimile:  (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Pantaleon SA International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AB - Sugar and Confectionery Total: $20.00 million 20000000.00 20000000.00 Pantaleon SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/4216/pantaleon-s-a XM-DAC-903-SPI-5024 International Finance Corporation Summary Of Project Information (SPI) Project Name Guatemala-Orzunil S.A. Region Central America Sector Project No005024 Projected Board DateApril 15, 1996 Company NameOrzunil S.A. Technical Partner and/or Major Shareholders Ormat Industries Ltd. (Israel)(Technical partner with 10% of equity), Scudder Latin American Infrastructure Fund (50 % of the equity), IFC (20 % of the equity), Commonwealth Development Corp. (20 % of the equity). Project Cost Including proposed IFC investment US$67.6 million total project cost, with an IFC investment of US$17 million for IFCs own account, and US$15 million for the account of participants. Location of project and Description of site The Project is a 24 MW Geothermal Power Project in Quetzaltenango Province, approximately 200 km west of Guatemala City, Guatemala. The site is located at a geothermal field in a mountainous/volcanic part of Guatemala that has been partially developed for agriculture. Description of Company and Purpose of Project The Company will build, operate and own a 24 MW geothermal power project. The Companys shareholders will include Ormat, IFC, the Commonwealth Development Corp. (U.K.) and the Scudder Fund for Latin American Power (U.S.). The purpose of the Project is to generate electricity in a manner which uses Guatemalas indigenous resources while minimizing any environmental impact. Environmental Category and Issues This is a category B project according to IFCs Environmental Review Procedure. Key issues relate to land use modifications, air emissions and discharge of liquid effluent. The Environmental Impact Analysis indicates that the Project will not impact natural habitat. The Project is a closed circuit with re-injection of geothermal fluids into formation. Therefore no effluents will be discharged. Facilities will be equipped with hydrogen sulfide detection devices, although initial data on the geothermal fluids indicated a low potential for production of that gas. The Project will be designed and operated in accordance with World Bank environmental, health and safety policies and guidelines. The is March 6, 1996 from the Public Information Center. Host country location of environmental documents Comision Nacional del Medio Ambiente, Avenida Petapa 25-59, zona 12 Guatemala City, Guatemala Date SPI sent to PIC March 4, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Orzunil I de Electricidad, Limitada International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 BE - Geothernal - Renewable Energy Generation Total: $16.80 million 14500000.00 2300000.00 14500000.00 Orzunil I de Electricidad, Limitada 2300000.00 Orzunil I de Electricidad, Limitada Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/5024/orzunil-s-a XM-DAC-903-SPI-7057 International Finance Corporation Summary Of Project Information (SPI) Project Name Guatemala - Sidegua S.A. (Sidegua) Region Latin America and Caribbean Sector Project No007057 Projected Board DateOctober 6, 1996 Company NameSidegua S.A. (Sidegua or the Company) Technical Partner and/or Major Shareholders Sidegua S.A. is 100% owned by Aceros de Guatemala S.A.. Project Cost Including proposed IFC investment Project cost is estimated at US$51.6 million (of which US$38.2 million represent the construction of a power plant and the balance of US$13.3 million entails upgrading and modernizing the existing steel facilities. IFCs total investment will be US$25 million (of which US$18 million A Loan, and US$7 million B Loan). Location of project and Description of site Escuintla Department, 67 kms south of Guatemala City, where Sideguas mini-mill is located. Description of Company and Purpose of Project Sidegua is a sister company within the Aceros de Guatemala Group ( The Group ). It manufactures billets, a key raw material for The Groups final products, which are: rebars, profiles, sheets, wire and flats. The Group was established in 1963. It is the leading supplier of steel products in Guatemala and the only one with steel melting facilities producing from scrap the steel billets for the rolling mills. Sideguas proposed US$51.6 million investment program to be implemented by mid 1998 will help the Company to reduce production costs and obtain a more streamlined and efficient plant configuration to meet the growing demand for its products. Environmental Category and Issues This is an environmental category B project according to IFC''s environmental review procedure. The is from the Public Information Center. Host country location of environmental documents Centro de Energía Escuintla, Avenida de las Americas 18-81, Zona 14. Guatemala City, Guatemala. Date SPI sent to PIC September 6, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Siderurgica de Guatemala SA International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AC - Mini-Mills Total: $18.00 million 18000000.00 18000000.00 Siderurgica de Guatemala SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7057/siderurgica-de-guatemala-s-a-aceros XM-DAC-903-SPI-7407 International Finance Corporation Summary Of Project Information (SPI) Project Name Guatemala-Basic II Region Central America Sector Project # 7407 Projected Board DateJune 18, 1996 Company NameBasic Petroleum International Limited (Basic, the Company) Technical Partner and/or Major Shareholders Basic, which is listed on the NASDAQ National Market System (USA), is controlled by Basic Holdings Limited (30%), which in turn is 34% owned by Basics key managers and directors; 30% owned by General Oriental Investments Ltd. (GOIL); and 36% owned by other investors. The Companys other shareholders are GOIL (17%); Beagle Limited, a UK-based investment company (10%); two US/Canadian investment companies (8%); and IFC (5%). The remaining 30% is widely held. Project Cost Including proposed IFC investment Project cost: US$73 million. Proposed IFC investment: A Loan of US$12 million for its own account and a B Loan of US$12 million for account of participant banks. In addition, IFC may also propose an equity/quasi-equity investment in the range of US$2 million. Location of project and Description of site All the Companys operations will continue to be located in north-west and central Guatemala. Description of Company and Purpose of Project Basic, with production at end-1995 of around 13,000 barrels per day (bpd), is Central Americas only significant oil producer. The project, which consists of the Company''s 1996 investment program, is expected to generate valuable incremental net foreign exchange of around US$25 million per year, including government income in the form of royalties and government participation of US$19 million per year. The Company, with 479 employees of which just four are expatriates, will continue to play an important role in hiring and training Guatemalan employees. IFCs role in this project is to enable Basic to continue a successful growth pattern and improve its profitability; help ensure the Companys continued growth in compliance with international environmental standards; continue to facilitate a dialog between the Company and environmental NGOs active in the area; and provide and mobilize funds for Guatemala where there are virtually no commercial sources of long-term financing without a B Loan structure. Environmental Category and Issues This is a category A project according to IFC''s environmental review procedure. Environmental issues associated with this project include compliance of the Xan Field''s expansion with the World Bank''s OP 4.04 (Natural Habitats), pipeline right-of-way impacts, oil spills, management of produced water and gas, access to protected areas and areas of high biodiversity, social and economic impacts to communities, worker health and safety. An additional environmental issue is the Company''s compliance with Government of Guatemala environmental requirements for the Xan to La Libertad pipeline and the implementation of environmental mitigation measures proposed in the corporate environmental audit completed by the Company in 1994. A draft environmental assessment was made available to the World Bank Public Information Center on April 15, 1996. Basic has held extensive consultations with a variety of stakeholders during the preparation of this draft EA. These consultations led to commitments from Basic to conduct supplementary environmental studies that will detail the Companys environmental management commitments to demonstrate full compliance of the second project with applicable World Bank environmental policies and guidelines and also confirm the first projects ongoing compliance. The are from the Public Information Center. Date SPI sent to PIC May 17, 1996 For Additional Information contact: Corporate Relations Unit Telephone: (202) 473-3800 Fax: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Basic Petroleum International Limited International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AB - Oil and Gas Production (Includes Development) Total: $13.83 million 12000000.00 1830000.00 12000000.00 Basic Petroleum International Limited 1830000.00 Basic Petroleum International Limited Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7407/basic-petroleum-international-ltd-ii XM-DAC-903-SPI-8627 International Finance Corporation Summary Of Project Information (SPI) Project Name Guatemala-La Fragua, S.A. (La Fragua or the Company) RegionLatin America and Caribbean Sector Project No008627 Projected Board DateApril 1, 1998 Company NameLa Fragua, S.A. Technical Partner and/or Major Shareholders La Fraguas shares are presently 80% owned by the Companys original founders, the Paiz family. The remaining 20% are mainly in the hands of the public (original supporters of the founder), and retired and existing employees. The Company plans to become public by listing new shares in Guatemalas, Mexicos or New Yorks stock exchanges. Project Cost Including Proposed IFC Investment The total project cost is estimated at about US$124 million. IFCs proposed investment is expected to be in the form of up to US$20 million in an A Loan and a Convertible Subordinated C loan of up to US$5 million. Location of Project and Description of Site The project will be located throughout Guatemala and El Salvador, covering the main cities, the interior and the more rural areas of the two countries. Description of Company and Purpose of Project (include IFCs Role and Development Impact) La Fragua is Guatemalas largest retail supermarket chain, with 49 stores located in Guatemala City, and 19 in the interior of the country. La Fraguas three-year Project will involve the following components: (a)opening about 48 new stores in Guatemala and 32 in El Salvador; (b) modernizing and refurbishing existing facilities and operations; (c) opening a state-of-the-art distribution center; and (d) modernizing and improving information and technology systems. The Company expects to benefit from higher margins (as a result of lower fixed costs, improved efficiencies and economies of scale), to streamline and run more technologically-efficient operations, and improve its competitive position, while at the same time preempting local and foreign competitors wishing to enter the market. IFCs financing provides La Fragua with long-term funding which would otherwise be limited and expensive through other sources for companies in Guatemala. In addition, as La Fraguas first foreign lender, IFC could serve as a catalyst to encourage greater foreign investment in the Company. IFCs participation would also improve the Companys corporate governance through improved reporting and better management practices, while acting as an agent of change in its expansion plans. La Fraguas Project is expected to have the following developmental impacts: (i) the Companys expansion plans would assist in distributing to the less able population groups a wider variety of food and other basic necessity items (at lower or competitive prices) under cleaner and more hygienic conditions. By delivering products in the interior at the same price as in the capital cities, the Project would foster a more competitive environment, while reducing traveling time and distances for the more remote communities. The Project would also improve the distribution of food and non-food items in Guatemala and El Salvador, by introducing best practice and modern retailing methods, and by bringing about technological improvements in logistics and distribution systems; and (ii) the Project will create about 1,800 jobs, primarily for women, contributing to social and economic growth in the more rural areas of the two countries. In addition, the Project would also provide uncommon employee-benefit packages and higher than average compensation rates. The expansion plans would also foster better academical standards and training, and create career opportunities for the Companys employees and management, thereby improving the standards of living in the region in which it will operate. Environmental Category and Issues This is an environmental review category B project. Issues include land use and site location, liquid effluents treatment and discharge, solid waste management, use of non-CFC refrigerants, fire protection, safety and emergency response and general worker health and safety. The sponsor will implement actions to address these issues and demonstrate that the Project will comply with applicable Guatemalan and Salvadorian requirements and World Bank guidelines. Liquid effluents will be treated and properly disposed. Solid residues will be either recycled or properly disposed according to local regulations. Non-CFC refrigerants will be used. The sponsor will audit their current safety and emergency response practices and implement actions satisfactory to IFC. Employees will be trained on occupational health and industrial safety issues. The is March 2, 1998 from the Public Information Center. Host country location of environmental documents Guatemala and El Salvador Date SPI sent to InfoShop February 9, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Operadora de Tiendas, S.A. (La Fragua, S.A.) International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 BA - Retail (Including Supermarkets, Grocery Stores, etc.) Total: $20.00 million 20000000.00 20000000.00 Operadora de Tiendas, S.A. (La Fragua, S.A.) Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8627/la-fragua-project XM-DAC-903-SPI-9808 International Finance Corporation Summary Of Project Information (SPI) Project Name Guatemala - Frutera del Pacifico RegionCentral America Sector Project No009808 Projected Board DateOctober 21, 1999 Company NameFrutera del Pacifico Technical Partner and/or Major Shareholders Frutera is a 50-50 partnership between Negocios Agroindustriales S.A. and the Arriola Torrebiarte Group. The principal owner of Negocios Agroindustriales S.A. is the Bolaños family. The principal owners of the Arriola Torrebiarte Group are the Arriola and Torrebiarte families. Negocios Agroindustriales is a holding company established in the 60s and dedicated to agroexport crops, with banana production accounting for 81 percent of total sales. It has total turnover of US$52 million; total assets of US$63 million; and a net worth of US$35 million. The Arriola Torrebiarte Group was established in 1940 as a producer and exporter of coffee. The group has since then diversified into other crops (e.g. sugar, banana and rubber), manufacturing activities (shoe production for Central America) and real estate. The group has a total turnover of US$43 million; total assets of US$34 million and a net worth of US$26 million. All financial data relates to year 1998. Project Cost Including proposed IFC investment Total project cost is estimated at US$20 million. IFC has been requested to provide a US$7.0 million senior A loan. Location of project and Description of site The project is located on the Southern Coast of Guatemala in two farms located in Tiquizate and Nueva Concepcion respectively located 191 km and 131 km south from Guatemala City. Total land covers 1,500 ha. Description of Company and Purpose of Project The project consists of a US$20 million investment to be carried out by Frutera del Pacifico to develop 1,412 hectares of banana on the Southern Coast of Guatemala. The company already has 457 hectares in production, representing an investment so far of US$5.2 million. The proposed project will be completed by 2001 with sales increasing from an expected US$9 million in 1999 to US$28 million in 2001. The project is conceived to give the sponsors a hedge from natural disasters through geographical diversification as well as benefit of the better yields of the Pacific coast and availability of land. The existing plantations of the sponsors are located on the Atlantic coast of Guatemala, a zone which was severely affected last year by Hurricane Mitch. Environmental Category and Issues This is a category B project and the following potential environmental, social, health and safety impacts were analyzed: land acquisition and development; agricultural practices; water supply - sustainability and discharge; solid waste and hazardous materials management; environmental management systems, employment and labor commitments and worker health and safety. Development of the farms will have no significant effect on natural habitats and has not required economic displacement. A range of agrochemicals will be used on the farms and the sponsor will develop detailed operational procedures governing the management and use of agrochemicals and appropriate training and equipment will be provided to all staff. Water supply and use for irrigation of the farms is sustainable and solid waste and hazardous materials management conforms with WBG requirements. The sponsor is developing an Environmental Management System, which will allow both farms to become ISO14000 certified within 2-3 years. When fully developed, the farms will employ 1500 workers and will operate in compliance with Guatemalan labor requirements (including minimum age stipulations) and WBG requirements. Training in occupational health and safety and environmental management will be provided to all employees. The is from the InfoShop. Host country location of environmental documents Olga María Farm Escuela Hutzitzil Huitzitzil Km.182 Carretera a El Semillero Tiquizate, Escuintla Guatemala La Sierra Farm Escuela Mogollón San José Mogollón Km. 137 a Nueva Concepción Nueva Concepción, Escuintla Guatemala Date SPI sent to InfoShop September 21, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Frutera del Pacífico, S.A. International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AF - Fruits and Vegetables Total: $7.00 million 7000000.00 7000000.00 Frutera del Pacífico, S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9808/frutera-del-pacifico-s-a XM-DAC-903-SPI-11444 International Finance Corporation Generadora de Occidente Ltda. of Guatemala was formed in 1999 to undertake the project and is 100% owned by EGI, through subsidiary companies. The purpose of the venture is to expand Guatemala''s base of hydroelectricity and support Guatemala''s merchant power industry. Developmental impacts are expected to include: (i) support of an innovative financing structure that will reinforce a competitive market and attract long-term investment; (ii) improvement in sector efficiency through enhanced price stability; and (iii) demonstration, both nationally and regionally, that renewable energy can attract competitive financing. IFC''s role in the project is the support of Guatemala''s power sector reform and the investment of long-term debt in an innovative power project. Generadora de Occidente Limitada Juan Carlos Mendez, Project Director Energía Global International, Ltd Centro Gerencial Las Margaritas, Torre I Oficina 801, Zona 10 Guatemala City, Guatemala Email: jcmendez@energiaglobal.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala The project is located 12 km south of Quetzaltenango Municipality and approximately 200 km west of Guatemala City. El Canadá will be constructed immediately down-stream of the existing Santa María hydroelectric plant on the Samalá River. Diverted tailrace from the Santa María station will flow through a 1.2 km tunnel to a 184,000 m3 five-hour peaking reservoir. Water stored in the reservoir will flow to a powerhouse situated on the Samalá River. The 43 MW of gross capacity will be produced by two Pelton turbines. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 BA - Large Hydro - Renewable Energy Generation Total: $15.00 million 15000000.00 15000000.00 Generadora de Occidente Limitada Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11444/el-canada-hydroelectric-project XM-DAC-903-SPI-21766 International Finance Corporation The Marlin project (Marlin, the company or the project) is a promising greenfield gold project located in the western Guatemalan highlands approximately 90 air miles northwest of Guatemala City. The $254 million open pit/underground project is estimated to produce about 217,000 oz per annum over 11 years at about $93/oz cash cost (lowest quartile on the cost curve). Total open pit and underground reserves in the current mine plan are estimated 13.3 million tonnes at 5.4 g/t gold. In addition, there is significant exploration potential. The metallurgy appears simple and conducive to a simple treatment circuit with high recoveries. The project is owned by Montana Exploradora de Guatemala, S.A. (ME), a 100% subsidiary of Glamis Gold Ltd. (Glamis or the sponsor), a mid tier gold producer listed on both the Toronto and New York Stock Exchanges. ME holds other exploration stage properties in Guatemala in addition to Marlin. Montana Exploradora de Guatemala S.A. Mr. J. Michael Swetye, Principal Investment Officer Oil, Gas, Mining and Chemicals Department F8K-254 International Finance Corporation 2121 Pennsylvania Avenue NW Washington DC 20433 Email: Jswetye@ifc.org Fax: 202-974-4323 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala The Marlin project is located near the village of San Miguel in western Guatemala. San Miguel is located 30 kilometers south of Huehuetenango, a major town 250 kilometers northwest of Guatemala City along the Central American highway. The Marlin project is accessible by an all-season road, which is connected to a paved highway near Huehuetenango. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 BE - Gold Total: $45.00 million 45000000.00 45000000.00 Montana Exploradora de Guatemala S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/21766/marlin-project XM-DAC-903-SPI-24090 International Finance Corporation The Municipality of Guatemala City has a $45 million capital expenditure program to mainly develop the first phase of a Mass Transit System (MTS) within the city. This segregated busway will improve public transport through a combination of: route restructuring; replacement of existing fleet with high-capacity buses; and creation of dedicated lanes, transfer stations and bus stops. To finance these investments, a local bank has helped the city partially to raise a syndicated loan from national banks. The purpose of the project is to provide part of the funds (and technical assistance) to close the syndicated loan and support the underlying investments. In the event that there are still funds available after the completion of the first phase of the MTS project, these funds could be used for other infrastructure projects of the Municipality. Municipality of Guatemala Mr. Juan Roberto Brenes Concejal Tercero Municipalidad de Guatemala Palacio Municipal, 6º Nivel Desarrollo Metropolitano Guatemala, Guatemala Phone: (502) 285-8081 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala The Municipality of Guatemala City is one of the 17 municipalities located in the Department of Guatemala in Guatemala. The proceeds of the syndicated loan will be used largely to finance the first phase of the MTS. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AD - Transit and Ground Passenger Transporation Total: $6.63 million 6630000.00 6630000.00 Municipality of Guatemala Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24090/gcp-project XM-DAC-903-SPI-24191 International Finance Corporation The project is a subordinated IFC loan of up to $30 million to Banco Industrial S.A. (BI, the company or the leading Guatemalan bank). The proposed investment in BIs Tier-II regulatory capital would enable BI to play a leading role in the ongoing consolidation of the domestic banking sector by strengthening BIs capital base. BIs strong market position enables it to take advantage of expansion opportunities arising from Guatemalas financial sector reform which is strongly supported by the World Bank Group. Banco Industrial SA Please contact the following persons: gombima@ifc.org, afodil@ifc.org, meliaschev@ifc.org., or evargas@ifc.org International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala BI is headquartered in Guatemala City and has a network of more than 1,175 branches, offices and ATMs nationwide which would benefit from the investment. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AA - Commercial Banking - General Total: $30.00 million 30000000.00 30000000.00 Banco Industrial SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24191/banco-industrial-s-a XM-DAC-903-SPI-25449 International Finance Corporation Pantaleon Sugar Holdings Company Limited (Pantaleon or the company) is the largest sugar producer in Central America, with mills located in Guatemala and Nicaragua. It supplies raw and refined sugar to the domestic market in Guatemala, raw sugar to the domestic market in Nicaragua, and exports raw and refined sugar to the world market including the U.S. In addition, Pantaleons co-generation facilities supply electricity for sale to the national power networks in Guatemala and Nicaragua. The purpose of the investment is to support Pantaleons ongoing investment program which has and will include: - expanding the companys sugar production in Nicaragua by 20%; - expanding and improving the companys plantations in Nicaragua; - improving the companys agricultural productivity in Guatemala; - expanding the companys existing electricity co-generation facilities in Nicaragua; - construction of a 150,000 liters per day ethanol plant; and - general capital expenditures. The investment is expected to have the following development impacts: - support the financial sustainability of an important contributor to a sector of vital importance to both Guatemala and Nicaraguas economy, as sugar is one of the main exports for both countries; - help maintain employment levels in areas highly dependent on cane-growing and milling for income; - increase volume of cane purchased from independent growers of cane; - support renewable energy produced both by cogeneration and ethanol; - support the companys corporate social responsibility efforts through increasing contributions (based on sugar produced) to Fundación Pantaleon; and - increasing tax revenues to the governments of Nicaragua and Guatemala. Pantaleon Sugar Holdings Company Ltd Enrique Goicolea Diagonal 6, 10-31 Zona 10 Centro Gerencial Las Margaritas 01010 Guatemala, Guatemala Telephone: (502) 2 277-5100 Fax: (502) 2 334-7238, 2 332-1192 Website: www.pantaleon.com Environmental documentation will be made available at the following locations: Pantaleón mill: - Payment office at Pantaleon mill (inside premises) - Health clinic (outside premises), Colonia Adelina, Municipio de Santa Lucía Cotzumalguapa, Departamento de Escuintla, Guatemala Concepción mill: - Payment office at Concepcion mill (inside premises) - Lawyer office - Lic. Edgar Martínez (outside premises), 3ª. Avenida A, No. 3-21 A, 2º. Nivel, zona 1, Ciudad de Escuintla, Guatemala International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Pantaleon has three sugar mills: Pantaleon mill, Concepcion and Monte Rosa. The Pantaleon and Concepcion mills are located in the south of Guatemala, in the Department of Escuintla, approximately 53 and 37 miles from Guatemala city respectively. Monte Rosa is located in the Department of Chinandega, approximately 92 miles from Managua. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AB - Sugar and Confectionery Total: $70.00 million 70000000.00 70000000.00 Pantaleon Sugar Holdings Company Ltd Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25449/pantaleon-sugar XM-DAC-903-SPI-26634 International Finance Corporation The proposed investment consists of the subscription of Tier I capital in a locally-owned Guatemalan bank through an IFC injection of up to $68 million in preferred shares to be issued by Banco GyT Continental S.A. (Banco GyT or the client). Like all other Guatemalan banks, Banco GyT has a portion of subordinated debt, which the client and the regulatory authorities consider as Tier II capital and include it in the calculation of regulatory capital ratios. However, when rating agencies assess a banks adjusted risk capital, this subordinated debt is currently not being included as Tier I capital, leading to substantial undercapitalized ratios and excessive penalization of the clients credit rating. Based on preliminary discussions between the client, IFC and the rating agencies, preferred shares can be considered as Tier I capital and, consequently, improve capitalization ratios. Currently, the clients Tier I/Total Assets ratio, is 6% (as of October 2007). With the proposed investment, Banco GyTs ratio would increase to above 8.35%. Given its closed shareholding structure and its centralized decision making, the client does not prefer to open up its common shareholding to external investors at this stage and prefers to materialize this capital injection through preferred shares. The objective of IFCs proposed investment in Banco GyT will address some of the Guatemalan banking sectors deficiencies, thereby creating the following development impacts: - Recapitalization: One of the financial sectors most pressing needs is the infusion of fresh Tier I capital into the system. The proposed investment will help recapitalize a major player and will go a long way to improve the systems solvency issues. - Restoring the Banking Sectors Credibility: The need for intervention of Bancomer and Bancafé put the regulatory authorities in an awkward position and has partly undermined the sectors credibility, even though the authorities managed to reduce wide spread damage. The fact that a foreign institution will invest in Tier I capital will enhance Banco GyTs credibility and bolster the sectors overall image. - Reducing Fragmentation: Given its size, Guatemalas banking industry has too many players, and they therefore have not been able to reach the crucial size to achieve efficiency levels common in this sector in other countries. The investment in a leading players Tier I capital will equip it to grow its balance sheet and have the means to acquire smaller competitors in the domestic market. Thus, the proposed investment will contribute to further consolidation. - South-to-South Investments: As part of its strategic plan, Banco GyT intends to further expand into neighboring countries through merger and acquisitions. A stronger capital base will facilitate the implementation of the clients expansion. - Access to Finance: Guatemala is one of the most under-banked markets in Latin America, but banks with economies of scale and higher efficiencies are better prepared to provide access to financial services to underserved regions. While certain areas of Guatemalas urban centers are well penetrated, large swaths of rural areas are poorly or not at all served. A strong capital base will provide the means to a player with a strong market presence to reach the unbanked. BANCO G AND T CONTINENTAL S.A. Ing. Julio César Ordñez Montenegro Gerente Corporativo Planeación y Control Financiero Grupo Financiero G&T Continental 6ta. Avenida 9-08 Zona 9, Edificio Plaza Continental Ciudad de Guatemala, Guatemala, Centroamérica Telephone: (+502) 2338-1590 Fax: (+502) 2338-1501 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Banco GyT is headquartered in Guatemala City, but has 266 branches and mini-banks throughout Guatemala. Moreover, it operates 21 branches in Los Angeles, California. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AA - Commercial Banking - General Total: $70.00 million 70000000.00 70000000.00 BANCO G AND T CONTINENTAL S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26634/banco-gyt-project XM-DAC-903-SPI-27345 International Finance Corporation Pantaleon Sugar Holdings Company Limited (Pantaleon or the company) is the largest sugar producer in Central America, with mills located in Guatemala, Nicaragua and Honduras. It supplies raw and refined sugar to the domestic market in Guatemala, raw sugar to the domestic market in Nicaragua, raw sugar in Honduras, and exports raw and refined sugar to the world market including the U.S. In addition, Pantaleons co-generation facilities supply electricity for sale to the national power networks in Guatemala, Nicaragua and Honduras. The purpose of the investment is to support Pantaleons ongoing investment program which includes: - expanding the companys sugar production and electricity co-generation facilities in Guatemala; and - expansion of ethanol production in Guatemala and a new ethanol plant in Nicaragua The investment is expected to have the following development impacts: - support the financial sustainability of an important contributor to a sector of vital importance to Guatemala, Nicaragua and Honduras economy, as sugar is one of the main exports in the region; - help maintain employment levels in areas highly dependent on cane-growing and milling for income; - increase volume of cane purchased from independent growers of cane; - support renewable energy produced both by cogeneration and ethanol; - support the companys corporate social responsibility efforts through increasing contributions (based on sugar produced) to Fundación Pantaleon; and - increasing tax revenues. Pantaleon Sugar Holdings Company Ltd Enrique Goicolea Diagonal 6, 10-31 Zona 10 Centro Gerencial Las Margaritas 01010 Guatemala, Guatemala Telephone: (502) 2 277-5100 Fax: (502) 2 334-7238, 2 332-1192 Website: www.pantaleon.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Pantaleon has four sugar mills: Pantaleon, Concepcion, Monte Rosa and La Grecia. The Pantaleon and Concepcion mills are located in the south of Guatemala, in the Department of Escuintla, approximately 53 and 37 miles from Guatemala city respectively. Monte Rosa is located in the Department of Chinandega, approximately 92 miles from Managua. La Grecia is located in Choluteca, Honduras. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AE - Sugarcane and Beets Total: $60.00 million 30000000.00 30000000.00 30000000.00 Pantaleon Sugar Holdings Company Ltd 30000000.00 Pantaleon Sugar Holdings Company Ltd Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27345/pantaleon-ii XM-DAC-903-SPI-27755 International Finance Corporation Bancassurance has become a strong element in determining competitiveness and success in Guatemalas insurance sector. Seguros G&T S.A. (Seguros) is Guatemalas largest insurance company in both, the property & casualty as well as life insurance segments with a premium split of 65% and 35%, respectively. However, unlike its main competitors, its cooperation with Banco G&T Continental (Banco), its half-sister company, the countrys second largest bank, and an IFC client, has been limited to a few areas of cooperation so far. However, Seguros owners and Bancos owners have realized that a closer cooperation between both entities in distributing insurance products and services through Bancos branch network would offer substantial synergies, higher turnover for both firms and a better penetration of the Guatemalan insurance market. To assist the parties in unleashing that potential, IFC will invest in Seguros and acquire an equity stake of up to 15%. In strengthening the capital and operational base of the leading insurer in Guatemala, an institutional endorsement standard for other insurers in the country will be set. This is expected to be a key contributor in setting the country's insurance industry on a more stable footing, which will enhance reputation and security, as well as facilitate an improved usage of insurance by Guatemalans, including the lower income segments. SEGUROS G AND T SA Ing. Julio César Ordóñez Montenegro Gerente de Planeación y Control Financiero Grupo Financiero G&T Continental 6ta avenida 9-08 zona 9, Edificio G&T Continental, 5to Nivel Phone: +(502) 2338-6801, ext. 15390 E-mail: jordonez@gytcontinental.com.gt Lic. Enrique Rodriguez Gerente General Seguros G&T, S.A. y Fianzas G&T, S.A. Ruta 2, 2-39 Zona 4, Guatemala, C.A. 01004 Phone: (+502) 2338-5858, ext. 5200; fax: (+502) 22798-3312 E-mail: erodriguez@gyt.com.gt International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Seguros is headquartered in Guatemala City, but is operational through agencies and brokers throughout the country. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 JC - Composite Insurance (Life and Non-life) Total: $5.30 million 5300000.00 5300000.00 SEGUROS G AND T SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27755/seguros-gyt-s-a XM-DAC-903-SPI-28005 International Finance Corporation The project consists of a corporate loan for the expansion and upgrade of Comcel S.A.s 2G and 3G mobile network throughout Guatemala, including rural areas of the country. Comcel S.A. is the largest mobile telephony operator in Guatemala. It has 4.5 million subscribers and approximately 45% market share. In general, the project will contribute towards: - improving the performance of telecommunications networks (for both voice and data) in congested areas of main cities, and expand coverage in underserved and rural areas, where telecommunications services are scarce; - providing capital investment and improve the telecommunications infrastructure in Guatemala; - supporting the development of low-cost models of extending connectivity to rural areas; - fostering the development of small medium enterprises (SMEs) and micro-entrepreneurs; and - enabling other sectors of the economy to become more efficient through the increased use of ICT. Further to improving coverage, affordability and availability of mobile telephony services, the project will also: - increase broadband coverage through Comcels its 3G network; - improve service quality; - boost direct and indirect employment; and - further fuel remittances through the purchase of airtime by individuals outside the country. Comunicaciones Celulares S.A. Mr. Mynor Rebuli (Treasurer) Telephone Number + (502) 2428-1009 Fax Number + (502) 2428-1155 Address Km. 9.5 Carretera a El Salvador (CA1) Edificio Plaza Tigo Santa Catarina Pinula, Guatemala International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Comcels current network covers most of the populated areas of the country. Compared to its competitors America Movil and Telefonica, Comcel has the widest geographical coverage, covering 97% of Guatemalas urban population and 86% of its rural population. As of 2008, the network was comprised of 1844 base stations (BTS). 3G services are currently being offered in 65 cities. The network counts with an interurban microwave backbone connecting the main nodes (Guatemala City and three main towns) Comcel has a comprehensive system of backhaul some optical cable components. The company also has a data center able to store larger volumes of information, which is spread in three locations in Guatemala City. Finally, the Comcel operates its own call center, located in Guatemala City, The project contemplates 225 new base stations throughout the country, increasing both coverage and capacity. Furthermore, the project contemplates the building of a fiber optics ring in the north of the country, providing backhaul for sites in this frontier region. The companys headquarters, together with the central IT facilities, are all located in Guatemala City Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AC - Mobile Telephony Total: $35.00 million 35000000.00 35000000.00 Comunicaciones Celulares S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28005/comunicaciones-celulares-s-a XM-DAC-903-SPI-28558 International Finance Corporation Latin America Paint Corporation (LAPCO or the Company) is a holding company that owns paint manufacturing and distribution units in Central America. The proposed investment will modernize and expand the existing manufacturing operations in Guatemala and strengthen the distribution network in the Central American region. The development impact of the project includes: - Introduce modern technologies which will enable LAPCO to produce better quality products at lower costs; - Strengthen LAPCOs distribution centers in Central America leading to increased economies of scale and reduced negative impact of cyclicality. - Reduce market risk with a geographically diversified revenue stream; - Grow the industrial base of the region and diversify the economy of the country; - Create direct job opportunities, for about 240 direct employees, who will benefit from LAPCOs well developed staff compensation package including training and medical insurance schemes; - The plant construction project will generated around 500 indirect jobs; - Introduce best practice environmental and social standards. Grupo Solid (Guatemala) S.A. To contact the project company, please write to: Yara ArguetaExecutive PresidentGRUPO SOLID, S.A.Nuevas Oficinas Centrales12 calle 1-25 zona 10, Edificio Géminis 10, Torre Sur, Of. 1802Telephone: 502-23206262 E-mail: yara.argueta@gruposolid.com, International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala The site of the paint factory is located in the town of Escuintla, Guatemala about 60 kilometers from the capital of Guatemala. The site is well connected by road, and is located in an industrial zone. The project also involves strengthening the distribution network by developing additional warehouses in Central America, starting in Honduras and Nicaragua. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 EA - Paint and Adhesives Total: $10.00 million 10000000.00 10000000.00 Grupo Solid (Guatemala) S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28558/lapco-solid XM-DAC-903-SPI-29604 International Finance Corporation The proposed transaction would qualify as an investment for the IFC Capitalization Fund (the CapFund) as GyT Continental is one of five systemic banks in Guatemala and has a 20.55% and 19.31% market share in terms of total assets and total deposits, respectively as of July 2010. This second investment in GyT Continental would consist of (i) common or preferred shares for up to $32.1 million (Tier I capital), and (ii) subordinated debt for up to $42.9 million (Tier II capital) and would be sourced from the CapFund. IFC committed its first transaction with GyT Continental in a 9.722% equity stake through a $70 million investment in preferred convertible shares in July 2008, which buttressed GyT Continentals capital at a crucial time and allowed the Bank to weather the economic slowdown in Guatemala. The proposed transaction is expected to have a high impact as it will (i) recapitalize one of Guatemala's leading banks and improve the banking systems' solvency; (ii) enable south-to-south investments as part of GyT Continental's strategic plan to expand in the region; (iii) help overcome the low banking penetration still prevalent in Guatemala; and (iv) potentially reduce fragmentation as weaker players may become targets for stronger market participants. BANCO G AND T CONTINENTAL S.A. Ing. Julio César Ordóñez Montenegro Gerente Corporativo Planeación y Control Financiero Grupo Financiero G&T Continental 6ta. Avenida 9-08 Zona 9, Edificio Plaza Continental Ciudad de Guatemala, Guatemala, Centroamérica Telephone: (+502) 2338-1590 Fax: (+502) 2338-1501 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Guatemala Banco GyT Continental is headquartered in Guatemala City, but has 369 branches and mini-banks throughout Guatemala. Moreover, it operates 17 branches in the United States of America. Location description A description that qualifies the activity taking place at the location. 15.5000000000 -90.2500000000 AA - Commercial Banking - General Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29604/cf-banco-gyt