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
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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
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06/25/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Navarrete, Monica

Investment type

Financing requested

N/A

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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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

CLASSIFICATION AND ENVIRONMENTAL AND SOCIAL STRATEGY

30.5 Kb

DOS PINOS ESRS - 08112020 ENG

235.5 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

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POSITION

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PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices