Company name
Latin American Agribusiness Development Corporation S.A.
Project number
RG3429A-01
N/A
E&S category
N/A
Country
Sector
Financial Institutions
Status
In implementation
Disclosed date
06/10/2005
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/12/2005
Approval date
07/12/2005
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 6,000,000
Financing amount
USD $ 6,000,000
Currency
USD
Project scope and objective
The proposed project is a colending facility of US$12 million made up of IIC participation of US$6.0 million and LAAD participation of US$6.0 million. The facility will promote private sector investment and employment in the rural areas of countries in Latin America and the Caribbean through the financing of small and medium-size export-oriented companies in the agribusiness sector.
LAAD is a successful private investment and development company with more than 30 years of experience with headquarters in Miami, Florida and several regional offices strategically located in Latin America and the Caribbean. LAAD finances and develops private agribusiness projects in Latin America and the Caribbean involving all phases of production, processing, storage, services, technology and marketing in the fields of agriculture, livestock, forestry, and fishing.
This facility is the second operation the IIC undertakes with LAAD. The first operation was approved in 1998.
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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
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For inquiries, comments and information requests about 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. 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
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