PROJECT

Projects

Summary of Investment Information

Project Number

48031

Company Name

Banco Davivienda Honduras S.A.

Date SPI Disclosed

Jun 30, 2023

Country

Honduras

Region

Latin America and the Caribbean

Projected Board Date

Jun 26, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 22, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2023
Signed : Feb 1, 2024
Invested : Feb 20, 2024

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

 The proposed investment consists of a one-year, renewable senior loan of up to US$30 million to Banco Davivienda Honduras S.A. (Davivienda Honduras 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 coronavirus pandemic.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation