Company name
MercadoLibre, Inc.
Project number
12313-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Brazil
Sector
Digital Economy
Status
Completed
Disclosed date
05/03/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/07/2018
Approval date
08/02/2018
Signed date
11/12/2018
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
BRL
Project scope and objective
IDB Invest is considering making an investment of up to BRL150,000,000 in securities of the credit rights investment fund (“FIDC” in the Portuguese acronym) constituted in Brazil. The investment will be made in the local currency of Brazil.
The proceeds from this operation will be used to acquire credit rights originated from loans provided to small and medium enterprises operating on the on-line commerce platform (the “Platform” or the “Client”) in Brazil.
IDB Invest's commitment to the purchase of the securities would be subject to compliance with certain conditions, including the acceptance by the company of compliance with the environmental and social policies of IDB Invest while IDB Invest holds the securities of FIDC.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
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
Request informationLearn more about how we provide private-sector solutions in the region .
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
43.8 Kb