ACCESSING INTERNATIONAL FINANCING THROUGH THE IIC BSE/CSCE ENGINEERS’S CONFERENCE 2014 Nassau, Bahamas October 31, 2014
WHO IS THE IIC The only regional multilateral institution mandated by its 45 member countries to provide financing to private enterprises in Latin America and the Caribbean, particularly those that are small and medium in size The IIC is an autonomous member of the IDB Group In 2013, the IIC reached US$1.8 billion in assets and approved 71 operations channeling US$415.4 million to SMEs in the region. In 2014, Fitch Ratings affirmed IIC’s ‘AAA’ Rating. According to the rating agency, the rating primarily reflect the IIC's intrinsic strengths, which includes its strong capitalization, high liquidity, and good asset quality, as well as shareholder support. Additionally, the IIC benefits from its relationship with the Inter-American Development Bank (IADB)
REGIONAL PRESENCE Mexico and Central America Costa Rica Honduras Andean Region Nicaragua Colombia El Salvador Peru Southern Cone Region Argentina Chile Paraguay Uruguay
WHAT MAKES US DIFFERENT Financial solutions Environmental management and labor considerations Resource mobilization Business management know-how and good practice specialized technical advisory services
WHAT MAKES US DIFFERENT Technical assistance for SMEs focused on the following key areas: Pre-investment consulting services Technical assistance as part of the approval process for SMEs Post-investment technical assistance for IIC clients
WHAT WE OFFER COMPANIES Loans (short-, medium-, and long-term in U.S. dollars and in local currency in certain markets; subordinated loans; syndicated A/B loans) Partial credit guarantees for loans and debt securities; equity and quasi-equity investments Financing through supply chains Tailored technical advice for improving financial, environmental, and business management Small business loans in certain markets, including Bahamas
WHAT WE FINANCE Companies that are profitable have audited financial statements have growth potential meet domestic labor and environmental regulations Projects that are financially viable and profitable environmentally sustainable Private and PPP’s
FINANCING PROVIDED BY THE IIC IS flexible — in structure, terms, and payment conditions creative — with new solutions for new needs efficient — in the analysis, approval, and disbursement process
THE INFORMATION WE NEED Company data: shareholders, address, line of business Financing requested: amount and tenor Purpose of the loan Financial track record: last 3 years of financial statements Market information: key suppliers, customers and competitors
PROJECTS IN THE CARIBBEAN
IIC projects in Jamaica GOLDEN GROVE SUGAR JAMAICA BROILERS JAMAICA TEAS • US$7,0 million • US$4,0 million • US$500,000 under the SBRL • Livestock & Poultry • Agriculture and agribusiness • Food, Bottling & Beverages • Its main activities are poultry Sugar cane growth as well as • To enable the largest tea producer operations; feedstock and farm processing of raw sugar and molasses and exporter in Jamaica to supplies; and ethanol processing increase its efficiency and boost its exports in the Caribbean region.
IIC projects in Trinidad and Tobago DEVELOPMENT RBTT FINANCIAL HOLDING FINANCE LTD (DFL) • US$40,000,000 • US$2,500,000 • Financial services • Financial services • Capital asset and working capital • To finance export-oriented projects financing for Caribbean SMEs
Projects in Bahamas Bahamas Neurological Center • US$125,000 Subordinated Loan under the Finpyme Credit • Medical Services • To purchase neurological equipment.
Projects in Bahamas Southern Air Charter Company Limited • US$2,1 million to support the development of the Bahamian Aviation Sector • Loan to partially finance the growth of its fleet in order to increase its operations and to meet the growing demand for flights. • Project will result in increased flight availability among the islands of the archipelago.
Renewable Energy Generation Projects Blue Power Energy Energía Pacífico • Nicaragua • Chile • US$50,000,000 • US$6,800,000 • Total cost: US$115,000,000 • Total cost: US$36,000,000 • Wind power project • 15,6 MW biomass cogeneration • 22 wind turbines with a plant capacity of 1,8 MW • Total power generation capacity of 39,6 MW per year.
Infrastructure financing Coriport Airplan Terminal Zárate Belcogen • Costa Rica • Colombia • Argentina • Belice • US$7,950,000 • US$10,000,000 • US$7,0000,000 • US$6,000,000 • Total cost: US$43,500,000 • Total cost: US$155,000,000 • Total cost: US$24,000,000 • Total cost: • Financing to build a new • Operations, business affairs, • Expanding the pier and US$53,5000,000 passenger terminal – upgrading, and maintenance • The first commercial- the container yard. Daniel Oduber Quirós of six airports in northwestern scale cogeneration international airport, the Colombia project in Belize second largest • Generating energy international airport in from sugarcane fiber Costa Rica (bagasse)
Tourism financing Nicaragua Argentina Costa Rica Paraguay TERMAS DE LAHUÉN HOTEL HOLIDAY INN EMHOSA PLAYA CONCHAL RESORT US$5,100,000 US$750,000 Hotel Sheraton Asunción US$8,000,000 US$1,500,000
Tourism financing Peru Uruguay Bolivia INVERSIONES MALECON DE LA RIO SELVA RESORT TIRLEY US$900,000 US$600,000 RESERVA US$6,500,000
Tourism financing Mexico GRAN MUSEO MAYA DEL MUNDO MAYA EN MERIDA US$7,300,000 Loan to co-finance and outfit the museum and to design and mount the exhibits. The proceeds will also be used for the museum’s upkeep, security, and operation. Once completed, the museum’s indoor space will measure 22,400 m², equivalent to two soccer fields.
CONTACT RODRIGO NAVAS LEAD INVESTMENT OFFICER Tel: + (202) 623-3926 Email: rodrigon@iadb.org www.iic.org
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