Company name
Almacenadora Mercader S.A. (ALMER)
Project number
ME3453A-03
N/A
E&S category
N/A
Country
Mexico
Sector
Agribusiness
Status
In implementation
Disclosed date
04/01/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/04/2010
Approval date
05/11/2010
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
N/A
Project scope and objective
The proposed operation consists of renewing the financing for the program for storing and/or purchasing mainly white corn from small grain farmers. As part of the project, ALMER will use the proceeds from the IIC loan to provide financing to small producers by (i) purchasing their production with an option to repurchase (repo) or (ii) warehousing their product until it is sold. In both cases ALMER will issue warehouse receipts that will secure the IIC’s loan.
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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.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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