Company name
Marie Sharp Fine Foods Limited
Project number
14115-01
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
Belize
Sector
Agribusiness
Status
In implementation
Disclosed date
06/15/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/10/2022
Approval date
08/19/2022
Signed date
10/10/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The proposed financing to Marie Sharp Fine Foods Limited (“Marie Sharp”, the “Borrower” or the “Company”) consists of a 7-year Senior Loan of up to US$5 million (the “Financing” or the “Loan”). The Company will use the Financing to finance capital expenditures to expand and improve their operations in Belize, and for working capital needs (the “Project”). The main development objectives of the Project are to increase the production of processed value-added agricultural products in Belize for exports, and to improve productivity, while strengthening the value chain of SMEs suppliers, especially pepper producers in the country.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
fieryrosi@gmail.com
PHONE NUMBER
+501-522-0135 - ext: 233
POST OFFICE ADDRESS
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(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Early disclosure
MARIE SHARP - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
225.3 Kb
MARIE SHARP -ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
81.9 Kb