•    The operation will support the expansion of 50 hectares of high-tech greenhouses for the production and export of mini peppers.

•    The project will promote sustainable agricultural practices, improving productivity and export competitiveness, with an emphasis on job creation in rural areas.

WASHINGTON – IDB Invest has signed a financing agreement of up to $130 million with Dinvertech, an agricultural producer specializing in greenhouse crops in Mexico, for the installation and operation of 50 new hectares of high-tech greenhouses for the cultivation and commercialization of mini peppers.

The operation includes a long-term loan of up to $120 million, with $80 million financed by IDB Invest and $40 million financed by the JICA Trust Fund Achieving Development of Latin America and the Caribbean (TADAC). Additionally, a revolving uncommitted loan of up to US$10 million is included.

The funds will be allocated to capital investments and working capital needs in Mexico. Argent Investment Managers, S.A. acted as Dinvertech’s financial advisor for this operation. 

The project will boost food production, increase agricultural productivity, and generate formal employment in rural areas of the country. It is estimated that over 80% of the jobs created will be held by women. Additionally, Climate-Smart Agriculture (CSA) practices will be implemented, such as fertigation and drip irrigation—essential in water-scarce regions like El Bajío. Approximately 97% of the production will be exported, with the remainder distributed in the local market or donated to food banks, promoting food security.

Agriculture is a key sector for the Mexican economy, representing 3.4% of GDP and employing 12% of the productive population. However, Mexico faces challenges such as low agricultural productivity, limited technology adoption, and restricted access to financing tailored to the sector’s production cycles. Dinvertech’s project addresses these challenges through investments in cutting-edge technology and sustainable processes, positioning the company as one of the country’s leading mini pepper producers and strengthening its integration into global value chains.

In addition to financing, IDB Invest will provide advisory services to support the adoption of more efficient and sustainable technologies, particularly in modernizing current heating systems. The company will also work to improve its environmental and social management system and raise corporate governance standards by creating an audit committee and incorporating independent board members.

About IDB Invest

IDB Invest 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 $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website idbinvest.org/en.  

About Dinvertech

Dinvertech is a Mexican company founded in 2017, dedicated to agri-food production, primarily through the harvesting and export of mini peppers. The company is committed to innovation and sustainability, mainly through the technological advancement of its harvesting, production, collection, and packaging processes, reinforcing its commitment to customers and the environment.

About TADAC Fund

The JICA Trust Fund Achieving Development of Latin America and the Caribbean (TADAC) is a fund managed by the IDB Group, established in collaboration with the Japan International Cooperation Agency (JICA) to promote sustainable development in Latin America and the Caribbean. With an initial contribution of US$1 billion, the fund seeks to catalyze private investment through co-financing of strategic projects. TADAC is JICA’s first fund with the IDB Group dedicated to the private sector and the largest in the region, strengthening BID Invest’s “originate-to-share” business model.
About Argent Investment Managers, S.A.
Argent is a firm specializing in structured financial solutions, wealth optimization, and comprehensive legal advisory.