PROJECT

Projects

Summary of Investment Information

Project Number

42848

Company Name

BARRY CALLEBAUT AG

Date SPI Disclosed

Jan 19, 2021

Country

World Region

Region

Global

Projected Board Date

Jun 24, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

WBG Prosperity

Industry

Agribusiness and Forestry

Previous Events

Approved : Sep 21, 2010
Signed : Feb 25, 2021
Invested : Jun 2, 2021

Sector

Sugar and Confectionery

Project Description

   This project is proposed under the Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Original Project #28723). Under GTSF, IFC provides short-term financing to suppliers (“Suppliers”) in emerging markets selling to large companies (“Buyers”) on open account terms. Under this project, IFC will provide financing to Barry Callebaut AG for suppliers of sugar, soy lecithin and dairy based in different emerging market countries. 

Associated Advisory Engagement

  The Project is implemented concurrently with an Advisory Services project (#602402 GTSF Scale Up). As part of this project, IFC will help Barry Callebaut to establish sustainability criteria to be applied to the Program and help suppliers understand the Program’s sustainability link.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation