Company name
Delimart S.A.
Project number
12485-01
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
Haiti
Sector
Manufacturing
Status
Inactive
Disclosed date
08/09/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/11/2019
Approval date
10/23/2019
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 500,000
Financing amount
USD $ 4,500,000
Currency
USD
Project scope and objective
Delimart (the “Company”) is part of Boulos Group, a family-owned group of Haitian companies created by Dr. Carlo Boulos in 1948. Delimart was created in 1997 as a convenience store in Port-au-Prince and it is one of the largest chains of supermarkets and general merchandise stores in Haiti. IDB Invest will be financing the reconstruction of one of its supermarkets “Delmas 30” (hereafter the “Project”) which was vandalized and looted in July of 2018. The Company will build in a commercial location with high market demand.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
ESAP - DELIMART.PDF
243.9 Kb
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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
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.
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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
77.3 Kb