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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Investment Operations Department Contact
USD $ 25,000,000
Project scope and objective
The financing proposed to Agripac S.A. (“Agripac”) consists of a 3.3-year Revolving Line of Credit, with a committed tranche and an uncommitted tranche of up to US$15 million and US$10 million, respectively, under which IDB Invest shall increase financing for the term of 390 days with amortization at maturity in each case, which funds will be used to import raw materials from their eligible suppliers, to be sold and financed to their agricultural producers. The aim is to offer a committed working capital solution not available in the local market to set Agripac’s imports financing terms in line with its cash generation cycle. The overall goal of the project is to increase the availability of food in Latin America and the Caribbe, and agricultural exports by: (i) increasing the provision and financing of agricultural inputs for MSMEs; (ii) supporting the technical assistance to agricultural MSMEs; and (iii) supporting greater market linkages.
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POST OFFICE ADDRESS
IDB Invest Contact
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