Company name
Agrícola Cerro Prieto S.A.C & Qali Fruits S.A.C.
Project number
16050-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Peru
Sector
Agribusiness
Status
In implementation
Disclosed date
06/26/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/27/2026
Approval date
07/27/2026
Signed date
08/19/2026
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 166,667,000
Financing amount
USD $ 33,333,300
Currency
USD
Project scope and objective
The proposed transaction with Agrícola Cerro Prieto S.A.C. and Qali Fruits S.A.C. (together, the “Company”), one of Peru’s leading agricultural exporters, consists of a secured senior financing facility of up to US$200 million (the “Financing”), with a tenor of up to 10 years, including up to 2 years of grace period. The Financing will be funded in equal parts by IDB Invest, BBVA Perú, and Interbank. In the case of IDB Invest, its participation will be equally split between its own-account resources and managed funds provided by TADAC. The proceeds will finance ACP’s 2026 investment plan in Trujillo, Peru, which includes: (i) agricultural investments, including new plantations and the renewal of selected crops; (ii) the refinancing of the outstanding balance of the existing club deal (the “Project”); and (iii) investments and improvements to the packing plant.
The Project will contribute to: (i) increasing Peruvian agricultural exports; (ii) strengthening the productivity, competitiveness, and resilience of the agribusiness sector, particularly in the blueberry segment; and (iii) supporting job creation and retention in rural areas.
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Contact information
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Client Contact
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ACP - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
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ACP - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (ESRS)
307.2 Kb