IDB Invest, a member of the Inter-American Development Bank Group (IDB), led a $50 million financing package for the Agrupación de Alimentos de Corporación Multi Inversiones (CMI Alimentos). The financing will be used to increase productivity and expand CMI Alimentos operations in Guatemala, El Salvador and Honduras.
The deal will help finance fixed investments that contribute to boosting CMI Alimentos’ productivity, promoting its geographical distribution with the objective of maintaining sustainable growth in the Central American region. It will also support CMI Alimentos’ efforts to strengthen environmental and social performance and its contribution to microentrepreneurs, primarily women, who make up one of its sales channels. IDB Invest’s financing has a 5-year tenor.
The project potentially contributes to eight of the United Nations Sustainable Development Goals: No Poverty (SDG 1), Zero Hunger (SDG 2), Gender Equality (SDG 5), Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (SDG 9), Reduced Inequalities (SDG 10), Responsible Consumption and Production (SDG 12), Partnerships for the Goals (SDG 17).
About IDB Invest
IDB Invest, a member of the Inter-American Development Bank Group (IDB), is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region. With a portfolio of $12.4 billion in asset management and 342 clients in 24 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
About CMI Alimentos
CMI Alimentos is a multinational family corporation with over 90 years of history, more than 40,000 employees and present in more than 15 countries on three continents. Their businesses are organized into two large groups: Food and Capital. Through CMI Alimentos develops products focused on food and nutrition of Latin American families. Today it is one of the largest and most important food companies in the region in the business of: wheat and corn flour mills, pasta and cookie production; poultry, pork, processed foods and sausage industries; healthy food for animals and pets; and restaurants with its brand Pollo Campero and Pollo Granjero, among others.