Company name

Promarisco

Project number

14321-01

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

Ecuador

Sector

Agribusiness

Status

Proposed

Disclosed date

12/16/2022

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

Projected board date
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02/15/2023

Approval date

N/A

Signed date

N/A

Sponsoring entity

Promarisco S.A.

Team leader

Garcia Garcia, Victor

Investment type

Syndicated amount

USD $ 20,000,000

Financing amount

USD $ 40,000,000

Currency

USD

Project scope and objective

La transacción propuesta consiste en un préstamo senior garantizado y un Préstamo A/B por hasta US$60 millones, a un plazo de 7 años con 2 años de gracia y garantía sobre activos aceptables a BID Invest. 

 

Los fondos serán destinados a financiar: (i) inversiones de expansión de capital para el incremento de la productividad y la eficiencia de las operaciones existentes; y (ii) refinanciamiento de deuda financiera.

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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.

PROMARISCO - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)

256.0 Kb

PROMARISCO - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)

399.4 Kb

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Eduardo Escobar Espinoza

POSITION

Gerente de Finanzas

PHONE NUMBER

+593 04259-4600

EMAIL

eescobar@promarisco.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