PROJECT

Projects

Summary of Investment Information

Project Number

43220

Company Name

Banco Daycoval S/A.

Date SPI Disclosed

Jun 23, 2020

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jun 12, 2020

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Jun 12, 2020
Signed : Jun 30, 2020
Invested : Jul 8, 2020

Sector

Commercial Banking - Trade and Supply Chain

Additional Project Attributes

Blended Finance

Project Description

The proposed project (the “Project”) envisages an investment of up to US$100 million in Banco Daycoval S.A (“Daycoval” or the “Bank”) under IFC’s COVID-19 Working Capital Solutions (“WCS”) Crisis Response Facility. The proposed WCS loan consists of a one-year senior loan facility, renewable for up to one additional year, to support the Bank’s working capital and trade-related lending program to Brazilian small and medium enterprises (“SMEs”), of which at least 20% will be targeted to women-owned SMEs (“WSMEs”).

Associated Advisory Engagement

Not Applicable.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation