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Company name

Eurociencia Central America & Caribbean Holdings, S.A.

Project number

14264-01

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

Social Infrastructure

Status

Hold

Disclosed date

02/06/2023

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

Projected board date
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05/22/2023

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 10,000,000

Currency

USD

Project scope and objective

The proposed transaction consists of a mezzanine loan of up to US$10 million, with an estimated term of 7 years. The funds will be used to finance (i) working capital and (ii) capital expansion investments under the company's regional expansion plan.

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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.

EUROCIENCIA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

194.6 Kb

EUROCIENCIA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

102.4 Kb

For inquiries, comments and information requests about the project

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

ana.defreitas@grupociencia.com

PHONE NUMBER

+506 71109522

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

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