Company name
Finance in Motion
Project number
14918-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country

Regional
Sector

Financial Institutions
Status
Proposed
Disclosed date
10/22/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/18/2025
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 $ 40,000,000
Currency
USD
Project scope and objective
IDB Invest is considering an investment of up to US$40 million in LAC eco.business Fund (“EBF” or “the Fund”) that Finance in Motion (“FIM” or the “Fund Advisor”) is advising. The Fund was established in 2014 and focuses on resilient agribusiness and food security throughout Latin America and the Caribbean (“LAC”). EBF makes loans through financial institutions and directly to corporate entities, and specifically promotes biodiversity conservation, sustainable use of natural resources, and climate mitigation and adaptation. The Fund has an open-ended evergreen structure, with current size of approximately $600 million. EBF is a successful existing client; IDB Invest’s loan to the Fund would be fully amortized in December, so this investment would strengthen the long-term relation with this strategic partner. FIM is a leading global impact asset manager, with extensive experience and a deep regional network.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
h.gomezang@finance-in-motion.com
PHONE NUMBER
57 601 794 0695
POST OFFICE ADDRESS
Avenida Calle 72 No. 6-30 Bogota, Oficina 1901, Colombia
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.
LAC ECO.BUSINESS FUND - PARTNERSHIP ALLIANCE 14918-01 (REGIONAL) - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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