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Company name

Blue like an Orange Sustainable Capital Latin America Fund II

Project number

14806-01

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
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FI-2

Country

Regional

Sector

Investment Funds

Status

Proposed

Disclosed date

06/06/2024

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

Projected board date
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08/06/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 15,000,000

Currency

USD

Project scope and objective

The transaction consists of an investment in the Blue like an Orange Sustainable Capital Latin America Fund II (the “Sub-Fund II”), a sub-fund of the Blue like an Orange Sustainable Capital Fund SICAV-SIF SCS (the “Fund”), an impact investment private credit fund that aims at contributing to inclusive and sustainable development, by delivering both strong social impact and market-based risk-adjusted returns in emerging markets.

The Sub-Fund II is advised by Blue like an Orange (the "Fund Adviser" or "BlaO"), an impact and sustainability investor with proven track record financing sustainable impact in Latin America and the Caribbean (LAC).

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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.

ENG -BLUE LIKE AN ORANGE14806-01 - ENVIROMENTAL AND SOCIAL REVIEW

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

emmanuelle.yannakis@blueorangecapital.com

PHONE NUMBER

+352 27 176 610

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .