Belize Sugar Industries Limited
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
USD $ 20,000,000
Project scope and objective
The proposed financing to Belize Sugar Industries ("BSI" or the "Company") consists of a long-term senior loan and a revolving line of credit (the “Loan”). BSI will use the funds of IDB Invest to partially finance: (i) fixed investments to (a) reduce logistics times and costs for the export of raw sugar, molasses, and (b) increase the production value added direct consumption sugar; and (ii) working capital needs, including payments to sugar cane suppliers. The main development objectives of the Loan include: (i) improving the Company's productivity through logistical efficiencies, (ii) supporting the growth of the value of exports, and (iii) strengthening the value chain, supporting small farmers in northern Belize, where there is a high incidence of poverty.
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Alternatively, you may also use the following contact information:
Mr. William Neal
Affairs and Communications Officer
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005