Company name
Delta Sucroenergia S.A
Project number
12434-02
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
Brazil
Sector
Agribusiness
Status
Proposed
Disclosed date
10/21/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/14/2020
Approval date
12/14/2020
Signed date
04/22/2021
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 20,000,000
Financing amount
USD $ 20,000,000
Currency
USD
Project scope and objective
The proposed loan transaction (the “Transaction” or “Financing”) will be earmarked to provide advance financing for exports totaling up to US$40 million, out of which US$20 million will be provided by IDB Invest and up to US$20 million will be furnished by a participating commercial bank in the form of an A/B syndicated loan. The proposed financing will be used to i) increase Delta’s capacity to maintain its ethanol stock for longer periods thus contributing to improve the significant present imbalance between the high supply and low demand for ethanol as a result of the COVID-19 pandemic; and ii) provide medium-term working capital with amortization and grace periods consistent with the uncertainty scenario arising from the pandemic.
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Amendment April 14, 2021:
The request of Delta Sucroenergia, the loan amount will be reduced to US$20 million, with the conversion of the A/B loan into a bilateral transaction with IDB Invest.
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Contact information
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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.
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.
CLASSIFICATION AND ENVIRONMENTAL AND SOCIAL STRATEGY
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DELTA SUCROENERGIA - ENVIRONMENTAL AND SOCIAL SUMMARY REVIEW (ESRS) ENG
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DELTA SUCROENERGIA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) ENG
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