PR-L1088 : Vision Banco II- Financing to improve Water and Sanitation services for the BoP

Project Status
Approved

The objective of the project is twofold: (i) to increase access to financing to water and sanitation boards (¿Juntas de Agua y Saneamiento¿) in Paraguay, and therefore contribute to improving and expanding access to potable water and sanitation services of families living in small cities and peri-urban areas of the country; and (ii) to increase access to credit for households so that they can finance in-house water and sewerage connections and/or home improvements that facilitate the use of Water and Sanitation (W&S) services. In order to achieve this objective, Opportunities for the Majority (OMJ) proposes to provide a local currency Partial Credit Guarantee (The ¿Guarantee¿) for an amount up to PYG 50 billion1, in favor of the Instituto de Previsión Social (¿IPS¿)2 to guarantee a loan to Visión Banco (¿VB¿). The Guarantee will be issued in Guaranies under the IDB-IPS Partnership and will have a tenor of up to seven years.

PROJECT DETAIL

Project Number PR-L1088
Operation Number 3543/OC-PR
Country Paraguay
Sector WATER AND SANITATION
Subsector WATER AND SANITATION-WATER SUPPLY RURAL AND PERI-URBAN
Project Type Guarantee
Project Status Approved
Approval Date SEP 21, 2015
IDB Financing * 9.13

PROJECT INFORMATION

Total Cost H USD 18,265,890
Country Counterpart Financing USD 9,132,945
Financing Type Guarantee
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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