Arteche Lantegi Elkartea, S.A.
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 20,000,000
Project scope and objective
The Project consists of an unguaranteed and uncommitted revolving discount line granted to Grupo Arteche (Arteche Lantegi Elkartea S.A.) to promote financial support and ease of payment for the suppliers that make up its supply chain in Mexico, Brazil and Argentina. IDB Invest will purchase the irrevocable and unconditional payment obligations/accounts payable with a future date denominated in USD$, MXN and/or other currencies for the execution of payments duly approved by IDB Invest.
In addition, IDB Invest will support Grupo Arteche in sustainability practices in three main areas: (1) training of employees on issues of gender equality and diversity; (2) reduction in the use of wood/cardboard in packaging processes and (3) the overall life cycle of the project.
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IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005