The Barrau family, Jacques Villejoint and Jean Phillippe Dufort own an aggregate shareholding interest of 73% in the Company, with the balance being owned by minority shareholders

 Total Project cost is estimated at approximately US$15 million. IFC is proposing to participate with an A Loan of up to US$2.5 million from IFC’s own account and with an IDA PSW Loan of up to US$2.5 million from IFC acting as implementing entity of IDA PSW.

 The investments will be made in CBC’s plant in Croix Des Bouquets (Port Au Prince province, Haiti).                                               

    This proposed investment is expected to have limited environmental and social impacts, which are expected to be site-specific and none is expected to be significant. Those impacts can be avoided or mitigated by adhering to recognized performance standards, procedures, guidelines and design criteria as described in the following sections. Thus, this is a Category B project in accordance with IFC’s Environmental and Social Sustainability Policy. The project is designed to avoid, minimize and manage E&S risks and impacts of the company’s operations in compliance with Haitian legal and regulatory requirements, IFC’s Performance Standards (PSs) and applicable World Bank Group (WBG) General and sector-specific (Food and Beverage Processing) Environmental, Health and Safety (EHS) Guidelines.

The key E&S risks and impacts associated with this investment include CBC’s capacity for managing water and energy consumption in an efficient manner; ongoing implementation of the quality management system and traceability/product recall mechanism; solid waste and wastewater management; and emergency preparedness and response. These E&S risks can be expected to be managed by the company through implementation of adequate mitigation measures as described in the sections below. Nonetheless, residual business risks related to the long-term availability of groundwater (upon which the project is reliant) remain as all water withdrawal practices from the aquifer (i.e. not just those related to the proposed project) are unregulated, and areas of the aquifer are starting to show signs of overexploitation.