Company name
Cooperativa de Productores de Leche Dos Pinos R.L.; Helados de Centroamérica S.A.; Productos Nevada, S de R.L.; Claus Holding, Corp.; Atlantic Holdings Limited, S.R.L.
Project number
12755-01
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
Agribusiness
Status
Hold
Disclosed date
08/11/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/25/2021
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 $ 25,000,000
Currency
USD
Project scope and objective
The proposed financing consists of a short-term revolving credit facility for up to US$25 million to be granted to Cooperativa de Productores de Leche Dos Pinos, R.L., located in Costa Rica, and its main subsidiaries in Guatemala, Panama, and the Dominican Republic ("Dos Pinos" or the "Company"). Dos Pinos will use the funds from IDB Invest to support its short-term liquidity given the current COVID-19 pandemic and its growing working capital needs due to the Company's recent expansions in the region, which support food security with an inclusive and sustainable business model (the "Project").
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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 OfficesFor 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.
CLASSIFICATION AND ENVIRONMENTAL AND SOCIAL STRATEGY
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DOS PINOS ESRS - 08112020 ENG
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