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Access to Sustainable Finance for Micro, Small and Medium Enterprises Project

Abstract*

The development objective of the Access to Sustainable Finance for Micro, Small, and Medium Enterprises (MSMEs) Project for Argentina is to promote access to sustainable finance for MSMEs and to respond effectively in case of an eligible crisis or emergency. The project comprises of four components. The first component, strengthening the capacity of financial sector stakeholders aims to support key financial sector stakeholders to implement relevant...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Promote access to sustainable finance for micro, small and medium enterprises and to respond effectively in case of an eligible crisis or emergency.

Key Details

Project Details

  • P180456

  • Closed

  • Ana Aviles , Daniel Ortiz del Salto

  • Argentine Republic

  • Argentina

  • April 4, 2023

  • (as of board presentation)

    August 22, 2023

  • December 4, 2023

  • US$ 330.00 million

  • Banco de Inversión y Comercio Exterior (BICE)

  • Latin America And Caribbean

  • 2024

  • US$ 200.00 million

  • N/A

  • September 6, 2023

  • January 20, 2025

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 200.00
Borrower/Recipient 45.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 200.00
IDA Commitment N/A
IBRD + IDA Commitment 200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 330.00

Summary Status of World Bank Financing (US$ Millions) as of January 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 4, 2023 IBRD-95870 Loan Disb 500,000.00
Dec 4, 2023 IBRD-95870 Fee Charges 500,000.00
Aug 22, 2023 IBRD-95870 Loan Commitment 200,000,000.00
Mar 1, 2024 IBRD-95870 Int Charges 85,861.61
Mar 1, 2024 IBRD-95870 Int Charges 8,784.64

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Satisfactory 2024-11-27
Financial Management Satisfactory 2024-11-27
Monitoring and Evaluation Satisfactory 2024-11-27
Procurement Satisfactory 2024-11-27
Overall Implementation Progress (IP) Moderately Unsatisfactory 2024-11-27
Progress towards achievement of PDO Moderately Unsatisfactory 2024-11-27

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.