Company name

AGRIPAC S.A.

Project number

14169-01

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
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B

Country

Ecuador

Sector

Agribusiness

Status

Proposed

Disclosed date

08/10/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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10/07/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Narvaez, Carlos Eduardo

Investment type

Syndicated amount

N/A

Financing amount

USD $ 25,000,000

Currency

USD

Project scope and objective

El financiamiento propuesto a Agripac S.A. (“Agripac”) consiste en una Línea de Crédito revolvente a 3.3 años, con un tramo comprometido y otro no comprometido por hasta US$15 millones y US$10 millones, respectivamente, bajo las cuales BID Invest extenderá financiamientos a un plazo de 390 días con amortización al vencimiento en cada caso, destinado a la importación de materias primas de sus proveedores elegibles, las cuales serán vendidas y financiadas a sus productores agrícolas. El objetivo es ofrecer una solución de capital de trabajo comprometida no disponible en el mercado local para alinear los plazos del financiamiento de importaciones de Agripac a su ciclo de generación de caja. El objetivo general del proyecto es incrementar la disponibilidad de alimentos en Latinoamérica y el Caribe con la exportación agrícola, mediante: (i) Incremento de la provisión y financiamiento de insumos agrícolas para MiPyMEs; (ii) Apoyar la asistencia técnica a MiPyMEs agrícolas; y (iii) Apoyar mayores vínculos de mercado.

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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.

AGRIPAC TRADE FACILITY - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS)

256.0 Kb

AGRIPAC TRADE FACILITY - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

92.2 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Francisco Luna

POSITION

Gerente Financiero

PHONE NUMBER

+593 43703870

EMAIL

fluna@agripac.com.ec

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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