20.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	20.0
Equity

* These investment figures are indicative

Stakeholders-Farmers: IFC expects the Project to increase access to beet inputs and output markets for smallholder farmers. The Project, through an out-grower scheme, is expected to provide beet seeds, credit and transportation services to 25,000 farmers while also training farmers to adopt climate smart production and post-harvest management practices, which is also expected to standardize quality and consistency of supplies while minimizing losses. Environmental effects: The Project is expected to make a significant contribution to addressing acute climate challenges through solutions that are on a low-carbon and climate-resilient pathway leading to reduction of GHG emissions. The total climate finance portion of the Project is estimated at 54.0%, with 53.1% contributing to climate adaptation and 0.9% contributing to climate mitigation. Economy wide effects: The Project is expected to increase domestic value addition and create jobs along the supply chains through up- and down-stream linkages with related sectors. Competitiveness: The investment will generate market-deepening effects by increasing beet sugar processing, while introducing innovations that significantly improve production and processing performance and efficiencies and maintain the requisite food safety requirements. The scalability of the vertical integration model and adoption of high yielding beet varieties is expected to promote wider adoption across the sector, fostering a growing ecosystem that supports development and integration of farmers in beet supply chains while catalyzing adoption of sustainable practices.

Financial additionality: Financing structure: IFC offers financing on terms not otherwise available for agribusiness in the local markets. Non-financial additionality: Knowledge, innovation and capacity building: IFC's global industry knowledge will help align the Company's operations with IFC Performance Standards and industry best practices. The expertise in beet farm management will enable the Company to run farm operations efficiently.

Indicator	Metrics	Comments
Carbon Intensity	tCO2e per relevant unit
Direct Employment (#) Operations And Maintenance	individuals

This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012). Based on information reviewed by IFC, the proposed project will have limited adverse E&S impacts that are few, site specific, largely reversible and readily addressed through existing mitigation measures and good international industry practices (GIIP).

Key E&S issues and risks associated with the project include i) the development of the land, including related earth moving/construction activities of project elements, ii) OHS issues of direct and contracted workers, heat stress management in the subsequent farming operations, and safe sugar processing practices, iii) application of GIIP regarding water use and effluent, iv) air emissions, v) solid waste management, vi) security, vii) equality and inclusion in the workplace.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.