Company name
ADM-SAO S.A. (“ADMSAO”)
Project number
BO3583A-02
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
Bolivia
Sector
Agribusiness
Status
Inactive
Disclosed date
05/05/2014
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/24/2014
Approval date
12/16/2014
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 14,000,000
Currency
USD
Project scope and objective
The IIC’s loan to ADMSAO will be used to fund part of the company’s annual working capital needs, financing the credit it extends to agricultural producers who will supply soybeans and sunflower seeds to ADMSAO.
ADMSAO (www.admsao.com) is one of the leading companies in the oilseed industry in Bolivia. It is also the leader in nontraditional exports in Bolivia, winning the excellence in exports prize (Premio de la Excelencia Exportadora) several years in a row.
Archer Daniels Midland Company (ADM, www.adm.com), a company based in Decatur, Illinois, USA, is a significant source of financing and technical assistance for farmers in the Santa Cruz department, in addition to being an important buyer of the country’s soybean and sunflower products.
The IIC loan will enable the company to provide this financing to its suppliers (oilseed crop farmers) with better conditions (term and cost). Complementary to this loan, the IIC will provide direct technical assistance that will benefit a group of agricultural producers (suppliers of grains to ADMSAO) and consist of workshops for farmers on: (i) the current environmental legal framework; (ii) farming techniques that improve farm productivity and profitability; and (iii) better environmental practices on their farms.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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.
ENVIRONMENTAL AND SOCIAL REVIEW
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