PROJECT

Projects

Summary of Investment Information

Project Number

44215

Company Name

AGROFERTIL S.A.

Date SPI Disclosed

Jul 28, 2020

Country

Paraguay

Region

Latin America and the Caribbean

Projected Board Date

Jun 12, 2020

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 11, 2022

Department

Regional Industry - MAS LAC

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 12, 2020
Signed : Jun 15, 2020
Invested : Jun 24, 2020

Sector

Other

Project Description

Agrofertil is highly dependent on access to working capital facilities to finance the sale of inputs to farmers. Given the COVID-19 outbreak, there is a risk that local banks in Paraguay reduce their financing to the real sector by decreasing financing lines to remain liquid in a volatile context with potential increase of NPLs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation