PROJECT

Projects

Summary of Investment Information

Project Number

41526

Company Name

SYSTEMGROUP NPL

Date SPI Disclosed

Apr 12, 2019

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

May 15, 2019

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 15, 2019

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jul 16, 2019
Signed : Aug 14, 2019
Invested : Sep 13, 2019

Sector

Distressed Assets SPV

Project Description

As part of the Distressed Asset Recovery Program (“DARP”), IFC, and SistemCobro S.A.S. (“SC”), a Colombian distressed asset investor and servicer, propose to create a Platform (“SPV”) to purchase Non-Performing Loans (“NPLs”) in the Andean region and Central America (“Target Region”).

                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation