Company name
Profertil S.A.
Project number
AR3897A-03
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
Argentina
Sector
Agribusiness
Status
Completed
Disclosed date
05/14/2015
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/16/2015
Approval date
06/30/2015
Signed date
07/15/2015
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 34,000,000
Financing amount
USD $ 6,000,000
Currency
USD
Project scope and objective
Profertil is an Argentinian company that produces fertilizers; its main product is granulated urea for improving agricultural yields. Profertil has a production capacity of 1.3 million tons of granulated urea per year. It is the only company producing this type of fertilizer in Argentina and much of the region. Profertil markets almost all of its production locally, but it also exports to other countries in the region and beyond. The IIC loan will comprise an A loan and a B loan for a total of up to US$40 million. The main purpose of the loan is to improve the company's debt profile. The IIC will syndicate part of the loan to attract other banks to provide Profertil with financing on the same terms.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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