PROJECT

Projects

Summary of Investment Information

Project Number

44156

Company Name

BANCO DE LA PRODUCCION SA

Date SPI Disclosed

May 7, 2021

Country

Nicaragua

Region

Latin America and the Caribbean

Projected Board Date

Jul 31, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 11, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jul 31, 2020
Signed : Jun 8, 2021
Invested : Jul 2, 2021

Sector

Commercial Banking - Trade and Supply Chain

Additional Project Attributes

Blended Finance

Project Description

The proposed Project consists of an up to US$10 million senior loan to Banco de la Produccion S.A. (“Banpro” or the “Bank”) in Nicaragua (IDA) under FIG COVID 19 Emergency Response WCS Envelope (WCS Envelope). In addition, the project involves up to US$20 million parallel loans. The use of proceeds will be directed to working capital/trade loans to MSMEs, women customers and women-owned MSMEs.

Associated Advisory Engagement

 No associated advisory services.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation