Company name
Corrugadora de Costa Rica, S.A.
Project number
CR3737A-01
N/A
E&S category
N/A
Country
Costa Rica
Sector
Manufacturing
Status
In implementation
Disclosed date
01/06/2006
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/07/2006
Approval date
02/21/2006
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 1,000,000
Currency
USD
Project scope and objective
The purpose of the project is to improve the company's cash flow and thus improve its debt profile. The project consists of restructuring short-term debt.
Providing long-term financing: Sources of long-term financing are scarce in Costa Rica: This operation will help Corrugadora de Costa Rica, S.A. ("Cocorisa" or the "Company") meet its immediate needs, such as restructuring short-term debt.
Supporting a high value-added industry: The corrugated cardboard packaging industry is of strategic value for developing countries because it directly supports exports and, indirectly, spurs domestic economic activity.
Strengthening a medium-size company: The proposed loan will enable the company to consolidate the recent introduction of modern productive processes and best practices in order to enhance the efficiency of its operations and consolidate its contribution to the local economy.
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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
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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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