PROJECT

Projects

Summary of Investment Information

Project Number

44100

Company Name

Banco de la Produccion S.A.

Date SPI Disclosed

Nov 12, 2020

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Jul 27, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 31, 2023

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Jul 27, 2020
Signed : Nov 25, 2020
Invested : Nov 30, 2020

Sector

Commercial Banking - Trade and Supply Chain

Additional Project Attributes

Blended Finance

Project Description

 The proposed Project consists of an up to US$50 million senior loan to Banco de la Produccion S.A. Produbanco (Produbanco or the Bank) in Ecuador under FIG COVID 19 Emergency Response WCS Envelope (WCS Envelope). The use of proceeds will be directed to working capital/trade loans to micro, small and medium enterprises (MSMEs), women and women-owned MSMEs.

Associated Advisory Engagement

 Not applicable                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation