Company name
Café Britt Coffee Corporation Holding (CBCC)
Project number
CR3919A-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
Costa Rica
Sector
Manufacturing
Status
Completed
Disclosed date
04/20/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/07/2010
Approval date
06/07/2010
Signed date
07/02/2010
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
N/A
Financing amount
USD $ 4,000,000
Currency
USD
Project scope and objective
Periodically renewable medium-term funding granted by the IIC will enable Café Britt to cover current and future permanent working capital needs, particularly with respect to inventory. This financing will also supplement Café Britt’s local short-term lines, facilitating the consolidation of its operations in the different markets where it operates.
Café Britt is a company that dates back to 1985 when it began operations in Costa Rica. In the last decade, in addition to having consolidated the quality of its principal original products (gourmet coffee and chocolates) internationally, Café Britt has expanded a successful business model of tourist and airport shops, focusing on diversifying and offering locally authentic, value added products at each point and in each country where it operates.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
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.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For 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.
ENVIRONMENTAL AND SOCIAL REVIEW
48.0 Kb