PROJECT

Projects

Summary of Investment Information

Project Number

44162

Company Name

Banco de Credito de Bolivia S.A.

Date SPI Disclosed

Sep 11, 2020

Country

Bolivia

Region

Latin America and the Caribbean

Projected Board Date

Sep 14, 2020

Environmental Category

FI-2 - Limited

Status

Hold

Last Updated Date

Aug 13, 2021

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Sep 15, 2020

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 The proposed Project consists of an up to US$45 million senior loan to Banco de Crédito de Bolivia (“BCPB” 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 corona virus pandemic. Through this project, IFC will support the Bank’s working capital lending program to Bolivian small and medium-sized enterprises (SMEs) as a result of the COVID-19 pandemic.                                                  

Associated Advisory Engagement

  N/A                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation