Casa Comercial Mantica, S.A. and Inmuebles Diano Marina, S.A.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Fonseca, Juan Reyes
USD $ 20,000,000
Project scope and objective
The project’s scope consists of: (i) financing for expansion of the Mantica Group’s supermarket chain and working capital requirements for its projected growth; (ii) financial support to improve its environmental performance by financing solar panels; and (iii) financial and nonfinancial support to improve corporate governance practices and the handling of food and plastic wastes (the “Project” as a whole). With this, IDB Invest and the Mantica Group expect to achieve the following objectives: (i) economic growth and job creation; (ii) net reduction in the carbon footprint of the new branches; and (iii) increased sustainability of the Mantica Group’s business through improved corporate governance practices and better waste management.
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