Fernandes Guyana Enterprise INC
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 5,000,000
Project scope and objective
The proposed financing to Fernandes Guyana Enterprise (“Fernandes Guyana”, the “Borrower” or the “Company”) consists of an 8-year Senior Loan of up to US$5 million, including a grace period of 1 year (the “Financing” or the “Loan”). The Company will use the Financing to fund capital expenditures and for working capital needs. The main development objectives of the Loan include: (i) promoting the Company’s growth in Guyana, increasing the supply of national products while reducing imports of finished goods; (ii) promoting the productivity of the Company; (iii) promoting employment in Guyana through the expansion of the operations of the Company; (iv) diversifying the products and services provided by the Company in the Guyanese market; and (v) increasing and enhancing the Company’s market linkages.
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Alternatively, you may also use the following contact information:
(+597) 427339 / (+597) 411998
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005