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RG-L1070 : Local Currency Fund II
Project Status: Closed
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
Project Number
RG-L1070
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Closed
Operation Number
3419A/OC-RG
Financial Information
Project Number
RG-L1070
Project Status
Closed
IDB Financing
Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023
Roles & Responsibilities
Contract signature date
May/08/2015
Operation Number
3419/CH-RG
Financial Information
Project Number
RG-L1070
Project Status
Closed
IDB Financing
Financing type
PSL
Fund
China Co-Financing Fund for Latin Americ
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023
Roles & Responsibilities
Contract signature date
May/08/2015
Project Information
Total Cost
USD 62,000,000
Country counterpart financing
USD 39,500,000
Amount
USD 22,500,000
Preparation
Title
Type
Project Number
Date Published
Environmental & Social Management Reports
RG-L1070
December 19, 2014
Environmental & Social Strategies
RG-L1070
November 21, 2014
Project Abstract
RG-L1070
November 21, 2014
Approved
Title
Type
Project Number
Date Published
Loan Contract
3419A/OC-RG;RG-L1070
January 28, 2015
Loan Contract
3419/CH-RG;RG-L1070
January 28, 2015
Loan Contract
3419/CH-RG;RG-L1070
January 28, 2015
Loan Contract
3419A/OC-RG;RG-L1070
January 28, 2015
Procurement Information
DATA ACCESS AND LICENSING
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