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Complaint > Ficohsa-01/ CAO Vice President Request
...cash inflow which would be utilized to pay down its debt. The memorandum concludes by describing Dinant as among the “top players” in a strategic sector for IFC “with a high developmental impact” in one of the least development countries in Latin America.46 The memorandum also notes that Ficohsa envisages a gradual reduction in its exposure to Dinant with full compliance with the covenant expected by the end of 2011. The July 2010 waiver memorandum does not mention the ongoing violent conflict o...
IFC Compliance Advisor/Ombudsman - Honduras - 2014
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