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Company name

AUTOMOTORES Y MAQUINARIA S.A.E.C.A.

Project number

13809-01

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

03/11/2022

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

Projected board date
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04/15/2022

Approval date

04/19/2022

Signed date

05/27/2022

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 15,000,000

Currency

USD

Project scope and objective

The financing transaction proposed to Automotores y Maquinaria S.A.E.C.A. ("Automaq") consists in a three-year committed revolving credit line of up to US$15 million, under which IDB Invest will extend financing for up to 390 days to import agricultural machinery, equipment and spare parts from eligible suppliers, which will be sold and financed to their agricultural producers. The transaction seeks to offer a working capital solution to align Automaq’s imports financing terms to its cash generation cycles.

 

Automaq was founded in 1961 and operates as a local representative and dealership of global brands from the agricultural, automobile, tire and construction sectors. Automaq is a major market leader in the machinery and equipment industry, serving about 350 customers through its branches across the country.

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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.

AUTOMAQ - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

204.8 Kb

AUTOMAQ - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

245.8 Kb

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Contact information

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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

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