NEGOCIOS INCLUSIVOS S.R.L.
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
This capacity development project concerns support to three of FMO’s clients in Paraguay: Banco Continental, Banco Regional and Sudameris Bank. These banks have contractually agreed to each develop an Environmental and Social (E&S) Guide for a key economic sector in Paraguay: Cattle (Sudameris), Agriculture (Regional), Agri and Cattle Supply Chain sectors ("Agroindustrial"; Continental). These three banks are among the top six banks in Paraguay. Through market share and as founding members of the Mesa de Finanzas Sostenibles (sector initiative), they have sufficient leverage to lead and influence the whole financial sector through their Guides.
What is our funding objective?
The funding will be used to hire a consultant who will ensure a structured coordination process during the development of the three Guides, such that they are conceptually aligned, and fears about loss of competitiveness can be addressed.
Why do we fund this investment?
The project is closely aligned with FMO's strategy to create social, environmental, and economic impact. By requiring compliance with basic environmental legislation, the banks in Paraguay are becoming an important actor for the promotion of environmental protection and labour standards. The sector-wide adoption of these standards in a highly competitive environment is a complex and sensitive process. By supporting it FMO is making a central contribution to the project's chances of lasting impacts in the form of higher E&S standards being put into practice widely among Paraguayan producers.
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 5/18/2016
- End date
- 7/10/2018
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV