The Fund will provide local currency financing to Micro-Finance Institutions to fund loans to MSEs, mitigating the fx risks these institutions are exposed to. The Fund finances itself in US dollars and manages it fx exposures through a currency diversification methodology and other hedging tools.

Project Detail

Country

Regional

Project Number

RG-L1070

Approval Date

January 28, 2015

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

IDB Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

-

Total Cost

USD 62,000,000.00

Country Counterpart Financing

USD 39,500,000.00

Original Amount Approved

USD 22,500,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3419/CH-RG Non-Sovereign Guaranteed USD - United States Dollar China Co-Financing Fund for Latin Americ Private Sector Financing
3419A/OC-RG Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 3419/CH-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: China Co-Financing Fund for Latin Americ
  • Financial Instrument: Private Sector Financing
Operation Number 3419A/OC-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-115954812-1469
Loan Contract
Regional_ Préstamo 3419A_OC-RG a LOCFUND II, L_P_ [39288792].PDF
Feb. 24, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-115954812-1467
Loan Contract
Regional_ Préstamo 3419_CH-RG a LOCFUND II, L_P_ Fondo Chino de Co-Financiamiento para América Latina y el Carib [39288754].PDF
Feb. 24, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-115954812-1470
Loan Contract
Regional_ Loan 3419_CH-RG to LOCFUND II, L_P_ China Co-Financing Fund for Latin America and the Caribbean [39288517].PDF
Feb. 24, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-115954812-1465
Loan Contract
Regional_ Loan 3419A_OC-RG to LOCFUND II, L_P_ [39288394].PDF
Feb. 24, 2015
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-115954812-1466
Environmental and Social Management Reports
Local Currency Fund II - ESMR [39308210].PDF
Jan. 20, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-115954812-1471
Environmental and Social Strategies
Environmental and Social Strategy (ESS) - Local Currency Fund II, L_P_ [39242175].PDF
Nov. 21, 2014
English
https://www.iadb.org/document.cfm?id=EZSHARE-115954812-1468
Project Abstract
Project Abstract - Local Currency Fund II, LLP [39242200].PDF
Nov. 21, 2014
English

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