BI COVID 19 WCS

completed

 The proposed investment consists of a one-year, renewable senior loan of up to US$100 million to Banco Industrial S.A (Banco Industrial 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. Banco Industrial is a potential partner for IFC across Central America, given that is the largest bank in Guatemala, and through this project IFC will strengthen its portfolio of small and medium enterprises (SMEs) and  women-owned SMEs (WSMEs). IFC’s investment will deliver working capital support targeted to SMEs, with a minimum [20%] of the proceeds used to finance WSMEs that are impacted by the crisis (the “Project”).