Company name

CMI Alimentos Global S.L. sus subsidiarias en Centroamérica

Project number

14030-01

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

Proposed

Disclosed date

11/11/2022

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

Projected board date
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12/14/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Navarrete, Monica

Investment type

Syndicated amount

N/A

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

El financiamiento propuesto a CMI Alimentos, uno de los principales grupos de alimentos y agronegocios en Centroamérica, consiste en: (i) un préstamo revolvente comprometido a los Prestatarios por hasta US$40 millones, para asegurar su liquidez de corto y mediano plazo, financiando sus necesidades de capital de trabajo (el “Préstamo de CT”); y (ii) una línea de importaciones no comprometida revolvente a los Prestatarios por hasta US$10 millones, para compra de granos considerando el crecimiento de sus operaciones y el alza en precio de los granos (la “Línea de Importaciones” y en conjunto con el Préstamo de CT, el “Financiamiento”). Los objetivos de desarrollo del Financiamiento incluyen: (i) incrementar la producción de alimentos, protegiendo el suministro de alimentos en los mercados domésticos; (ii) fortalecer los vínculos de mercado con la cadena de suministro regional; y (iii) apoyar el empleo, incluyendo en zonas de elevada pobreza.

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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.

CMI ALIMENTOS III-RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS)

706.6 Kb

CMI ALIMENTOS III-PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS O ESAP)

368.6 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Alvaro Carrera

POSITION

Tesoreria Corporativa

PHONE NUMBER

+502 2377-0200

EMAIL

alvaro.carrera@somoscmi.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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