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
de Paiva Ferraz, Joao Victor
USD $ 30,000,000
Project scope and objective
The proposed financing consists of a committed annual revolving line to Agrofertil S.A. (“Agrofertil”) for up to US$30 million, with a term of up to four years. The company will use these funds to purchase agricultural inputs that will sell later to producers with financing terms of up to 360 days, seeking to replace suppliers’ credit lines that today grant maximum terms of up to 180 days.
The proposed credit line would be IDB Invest’s fifth operation with Agrofertil. The first was in 2005 (US$2 million), the second in 2008 (US$2 million), the third in 2010 (another US$5 million) and the fourth and current operation was in 2015 (US$6 million with a balance of US$3.6 million).
Agrofertil is Paraguay’s leading company in the distribution of agricultural inputs and also provides producers with services for technical assistance and in the purchase, storage, and sale of grains (soy, corn, wheat, sunflower and others).
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Mr. Adilson Benedito Antonio Jr
+595 61 572 871
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005