Company name

Marie Sharp Fine Foods Limited

Project number

14115-01

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

Belize

Sector

Agribusiness

Status

Proposed

Disclosed date

06/15/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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07/18/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Navarrete, Monica

Investment type

Syndicated amount

N/A

Financing amount

USD $ 4,000,000

Currency

USD

Project scope and objective

The proposed financing to Marie Sharp Fine Foods Limited (“Marie Sharp”, the “Borrower” or the “Company”) consists of a 7-year Senior Loan of up to US$5 million (the “Financing” or the “Loan”). The Company will use the Financing to finance capital expenditures to expand and improve their operations in Belize, and for working capital needs (the “Project”). The main development objectives of the Project are to increase the production of processed value-added agricultural products in Belize for exports, and to improve productivity, while strengthening the value chain of SMEs suppliers, especially pepper producers in the country.

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Early disclosure

MARIE SHARP - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

225.3 Kb

MARIE SHARP -ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

81.9 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Rocio Cardona

POSITION

General Manager

PHONE NUMBER

+501-522-0135 - ext: 233

EMAIL

fieryrosi@gmail.com

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