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Company name

Agrovision Corp.

Project number

14022-01

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

Regional

Sector

Agribusiness

Status

In implementation

Disclosed date

09/21/2022

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

Projected board date
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11/15/2022

Approval date

11/15/2022

Signed date

11/16/2022

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 20,000,000

Currency

USD

Project scope and objective

The proposed transaction consists of a regional, revolving and uncommitted line of credit for an amount of up to US$20 million, under which IDB Invest would make disbursements in differentiated terms to purchase agricultural inputs from eligible supplier(s) (the “Facility”) of Agrovision Corp. (“Agrovision” or the “Company”), specially structured to cover the cash conversion cycle of blueberry production and marketing in Mexico and Peru.

 

 

The purpose of the transaction is to strengthen the links in its value chain, which will allow the Company to increase blueberry exports.

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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.

AGROVISION ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

399.4 Kb

AGROVISION ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

143.4 Kb

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

bertha.gonzalez@agrovisioncorp.com

PHONE NUMBER

+51(01)2111267

POST OFFICE ADDRESS

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 .