46616
BACAO SAS
Sep 5, 2023
Colombia
Latin America and the Caribbean
Oct 31, 2023
B - Limited
Pending Disbursement
Jul 27, 2024
Regional Industry MAS LAC & EUR
Agribusiness and Forestry
Approved : Mar 14, 2024
Signed : Jul 23, 2024
Coffee, Cocoa, Tea
Blended Finance
The proposed investment consists of a financing package of up to US$42 million to Bacao SAS (“Bacao” or the “Company”) to finance the development of approximately 3,800 hectares of cacao plantations and post-harvesting facility in the Meta region of Colombia (the Project).
Bacao is an agroforestry cacao company that seeks to produce sustainable cacao by creating inclusive and climate-smart productive ecosystems that will not only contribute to rehabilitate degraded lands but also benefit local communities.
Five-year upstream-tagged Advisory Services project (Project # 603625) centered on working with strategic cacao producers in Colombia to strengthen their operations and value chains. As part of this initiative, IFC created a partnership with Bacao, to help the company increase its supply, productivity and quality of cocoa while ensuring sustainability.
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Local Access of Project Documentation
Refer to client and IFC contact details.