Company name
Pesquera Diamante S.A.
Project number
PE1060B-01
N/A
E&S category
N/A
Country
Peru
Sector
Agribusiness
Status
In implementation
Disclosed date
03/24/2006
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/25/2006
Approval date
05/16/2006
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 2,850,000
Financing amount
USD $ 15,000,000
Currency
USD
Project scope and objective
Pesquera Diamante produces fishmeal and its byproduct, fish oil. It has a fleet of twenty-four fishing vessels and five plants located in Callao, Pisco, Supe, Samanco, and Mollendo. Fishmeal is processed in steam drying lines equipped with direct flame dryers (for FAQ/flame dried quality products). The IIC loan of up to US$8 million will be used to refinance the short-term debt incurred by the company when it expanded its fleet, and to refinance other short-term debts. The IIC loan will enable Pesquera Diamante S.A. to improve its funding structure, adapt is repayment flow to natural business cycles, and thus ensure proper cash flow management.
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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
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 mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
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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