PROJECT

Projects

Summary of Investment Information

Project Number

45109

Company Name

Latin American Agribusiness Development Corporation

Date SPI Disclosed

Apr 28, 2021

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

May 31, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 6, 2021

Department

CM1A7 - Regional Industry - MAS LAC/Agribusiness and Forestry - CLA

Industry

Financial Markets

Previous Events

Approved : May 28, 2021
Signed : Jun 30, 2021
Invested : Jul 30, 2021

Sector

Development Finance Company

Project Description

The proposed project consists of an US$80 million green loan to Latin American Agribusiness Development Corporation S.A., an existing IFC client, to support its expansion to finance green Latin American SME agribusinesses. The Loan is composed of an up to US$50 million A loan and an up to US$30 million B Loan mobilization.

The use of proceeds will be exclusively focused on financing green eligible agribusinesses, with qualifying underlying projects likely to include renewable energy generation, energy efficiency improvement, water use and efficiency, and sustainable agricultural practices.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation