Company name

Agrofertil S.A.

Project number

12297-03

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

Paraguay

Sector

Agribusiness

Status

Proposed

Disclosed date

08/20/2021

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

Projected board date
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09/23/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Veiga Perez, Matias Angel

Investment type

Financing requested

USD $ 40,000,000

Syndicated amount

N/A

Financing amount

USD $ 40,000,000

Currency

USD

Project scope and objective

The proposed financing consists of:

(i) A senior loan for up to US$10 million and a maximum term of 8 years, with semiannual repayments of principal and interest, including 18 months of grace, for the construction of a seed plant, and the construction and expansion of silos, which will allow Agrofértil SA ensure the supply and quality of these inputs, and extend its geographical scope to be closer to the producer.

 

(ii) An annual revolving credit line committed to Agrofertil S.A. for up to US$30 million with a term of up to four years. The company will use these funds to purchase agro-inputs that it will later sell and finance to producers in terms of up to 390 days, seeking to substitute lines of credit from suppliers that today grant shorter terms.

 

Agrofertil is the leading company in the distribution of agricultural inputs in Paraguay, also providing technical assistance services to producers, and in the purchase, collection and sale of grains.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

AGROFERTIL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) AUGUST, 2021

276.5 Kb

AGROFERTIL - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) AUGUST, 2021

174.1 Kb

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

N/A

POSITION

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PHONE NUMBER

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EMAIL

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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