Company name
La Societe du Rhum Barbancourt S.A.
Project number
14545-01
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
B
Country
Haiti
Sector
Manufacturing
Status
In implementation
Disclosed date
10/13/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/21/2023
Approval date
11/21/2023
Signed date
12/27/2023
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 3,125,000
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
FRN
Le financement proposé à La Société du Rhum Barbancourt S.A. ("Barbancourt"), une entreprise familiale de cinquième génération et fabricant de rhum internationalement reconnue, Haïtien depuis 1862, consiste au suivant:
- Un prêt de premier rang d'un montant maximum de US$2,500,000 qui financera : (a) un projet d'énergie solaire photovoltaïque qui fournira de l'énergie pour les besoins en électricité sur site et remplacera les générateurs diesel existants ; et (b) une installation de réutilisation de bouteilles pour permettre à Barbancourt :(i) d'être plus rentable et réduire sa dépendance aux importations, et (ii) de réduire considérablement ses émissions de carbone.
- Une facilité de crédit de garantie renouvelable et d'un montant maximum de US$2,500,000 pour financer les besoins en fonds de roulement de Barbancourt.
ENG
The proposed financing to La Société du Rhum Barbancourt S.A. (”Barbancourt”), a fifth generation family led company and award-winning rum maker in Haiti since 1862, consists of the following:
- A senior loan of up to US$2,500,000 that will finance: (a) a solar panel energy project that will generate energy for on premise electricity needs and replace existing diesel run generators; and (b) a reuse bottles facility to enable Barbancourt to: (i) be more cost efficient and reduce reliance on imports, and (ii) reduce its carbon emissions drastically.
- An secured revolving credit facility of up to US$2,500,000 to finance Barbancourt´s working capital needs.
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Contact information
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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.
Portée du projet et label d’objectif
FRN
Le financement proposé à La Société du Rhum Barbancourt S.A. ("Barbancourt"), une entreprise familiale de cinquième génération et fabricant de rhum internationalement reconnue, Haïtien depuis 1862, consiste au suivant:
- Un prêt de premier rang d'un montant maximum de US$2,500,000 qui financera : (a) un projet d'énergie solaire photovoltaïque qui fournira de l'énergie pour les besoins en électricité sur site et remplacera les générateurs diesel existants ; et (b) une installation de réutilisation de bouteilles pour permettre à Barbancourt :(i) d'être plus rentable et réduire sa dépendance aux importations, et (ii) de réduire considérablement ses émissions de carbone.
- Une facilité de crédit de garantie renouvelable et d'un montant maximum de US$2,500,000 pour financer les besoins en fonds de roulement de Barbancourt.
Bilan environnemental et social
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.
BARBANCOURT - RÉSUMÉ DE LA RÉVISION ENVIRONNEMENTALE ET SOCIALE (RRES OU ESRS)
256.0 Kb
BARBANCOURT - PLAN DACTION ENVIRONNEMENTAL ET SOCIAL (PAES OU ESAP)
204.8 Kb
BARBANCOURT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
256.0 Kb
BARBANCOURT - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
153.6 Kb