Company name
Aannemings-Maatschappij Baitali N.V.
Project number
13675-01
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
B
Country

Suriname
Sector

Transport
Status
In implementation
Disclosed date
10/04/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/27/2023
Approval date
04/13/2023
Signed date
10/26/2023
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
A committed revolving facility to be provided by Inter-American Investment Corporation (“IDB Invest”) for an amount of up to five million United States Dollars (US$5,000,000.00). The facility will provide liquidity to Aannemings-Maatschappij Baitali N.V., a private local construction company in Suriname with over 50 years of experience to execute its projects in the country. The credit line will be used mainly in the rehabilitation of the Jenny-Henar road that connects Suriname with Guyana.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
sita.raghoebar@baitaligroup.com
PHONE NUMBER
+597-530-654 ext. 1501
POST OFFICE ADDRESS
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 OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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.
BAITALI GROUP - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
288.0 Kb
BAITALI GROUP - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
110.5 Kb