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Company name

Tenomyl S.A.

Project number

12756-01

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

Paraguay

Sector

Agribusiness

Status

In implementation

Disclosed date

09/02/2019

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

Projected board date
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10/10/2019

Approval date

10/11/2019

Signed date

11/06/2019

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 15,000,000

Currency

USD

Project scope and objective

Tecnomyl produces and markets agricultural inputs, with a strong focus on soybean cultivation. The proposed financing consists of a four-year committed revolving credit facility, under which IDB Invest will extend financing to Tecnomyl in terms of up to 360 days for the purchase of agricultural inputs from suppliers.

 

 

The Project is intended to replace credit facilities with suppliers, increasing fund stability and minimizing the risk of mismatched terms between suppliers and clients.

 

 

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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

63.2 Kb

TECNOMYL - ENVIRONMENTAL AND SOCIAL ACTION PLAN.PDF

146.2 Kb

For inquiries, comments and information requests about the project

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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

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .