LAAD II (IDBI-12098-02)

  • Argentina
  • Belize
  • Brazil
  • Chile
  • Costa Rica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Guatemala
  • Honduras
  • Mexico
  • Nicaragua
  • Paraguay
  • Uruguay
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 9, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
LAAD Americas NV
The holder of the loan, grant, or other investment.
  • Agriculture and Forestry
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Jul 14, 2020

Disclosed by Bank Jun 24, 2020

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Can you contribute information about this project?
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Project Description

The proposed Financing consists of a senior unsecured loan of up to US$30 million to LAAD to support the liquidity needs of small and medium enterprises ("SMEs") in the agribusiness sector in Latin America and the Caribbean ("LAC") region, that have been impacted by COVID-19. The financing will consist of two tranches, as follows: (i) a committed tranche I of up to US$20 million ("Tranche I"), and (ii) an uncommitted tranche II of up US$10 million (''Tranche II'), both tranches to be funded by IDB Invest (the "Loan"). The tenor of the Financing is up to 5 years with 12-month grace period.

Investment Description
  • IDB Invest (IDBI)

Probably, it's a credit line loan.

Financial Intermediary
Contact Information

Client Contact name: Luis Mendoza
Title: Finance and Treasury Officer
Phone number: +1 (305) 443-9331
Email address:


The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).