Skip to main content

Company name

Promarisco

Project number

14321-01

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
tooltip

B

Country

Ecuador

Sector

Agribusiness

Status

Hold

Disclosed date

12/16/2022

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

Projected board date
tooltip

02/15/2023

Approval date

02/15/2023

Signed date

N/A

Sponsoring entity

Promarisco S.A.

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 20,000,000

Financing amount

USD $ 40,000,000

Currency

USD

Project scope and objective

The proposed transaction consists of a senior secured loan and an A/B Loan for up to US$60 million, for a term of 7 years with a 2-year grace period and collateral guarantees on assets acceptable to IDB Invest.

 

 The funds will be used to finance: (i) capital expansion investments to increase productivity and efficiency of existing operations; and (ii) refinancing of financial debt.

For inquiries, comments and information requests about the project

Request information

Learn 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.

PROMARISCO - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

368.6 Kb

PROMARISCO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

256.0 Kb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

eescobar@promarisco.com

PHONE NUMBER

+593 04259-4600

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 .