Company name
OMARSA S.A.
Project number
15457-01
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
B
Country
Ecuador
Sector
Agribusiness
Status
Proposed
Disclosed date
11/04/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/04/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
Operadora y Procesadora de Productos Marinos OMARSA S.A.
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 15,000,000
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
The proposed transaction with Operadora y Procesadora de Productos Marinos OMARSA S.A. (“Omarsa” or the “Company”), one of Ecuador’s largest shrimp exporters, consists of a secured senior loan of up to US$50 million, with a term of up to 10 years and including a one-year grace period.
The funds will support the Company’s investment plan in its shrimp operations, primarily in: (i) acquisition of equipment and infrastructure improvements at farms to increase productivity and sustainability; (ii) expansion of its packing plants and purchase of equipment; and (iii) upgrades to infrastructure and equipment in its laboratories.
The Project will contribute to: (i) increasing Ecuador’s shrimp exports by Omarsa; (ii) improving farm productivity and sustainability through investments in equipment and infrastructure; and (iii) generating employment, among other positive impacts.
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Contact information
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Client Contact
PHONE NUMBER
+593 4 371 3035
POST OFFICE ADDRESS
Lotización Industrial Al Rio, Solar 3 - Duran, Guayas, Ecuador.
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
OMARSA - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS)
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OMARSA - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS O ESAP)
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