Interagrovial (IDBI-12256-01)

  • Uruguay
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 19, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Fideicomiso Financiero Interagrovial
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 23, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank, Interagrovial S.A. will grant loans to its clients to purchase new machinery based on specific eligibility terms acceptable to IDB Invest and documented with promissory notes.


IDB Invest will acquire bonds for up to US$30 million issued under a private offering by a trust to be established under the laws of Uruguay (Fideicomiso Financiero Interagrovial). The trust will use the financing to acquire the loans originated by Interagrovial.


Interagrovial is a company engaged in the sale of machinery for agricultural, forestry and construction activities, as well as for the landscaping of parks and gardens. It is the official John Deere representative in Uruguay. It also sells replacement parts, lubricants, additives, paints, refrigerants, and other products and provides technical assistance, training courses (mechanical repair and machinery operation, among others), and control of equipment operating parameters remotely and in real time (through remote access).


In addition, Interagrovial offers services to provide harvesting machinery to owners of forest plantations. Under a contract, the operator of the machinery provided by Interagrovial is designated by the owner of each plantation and Interagrovial provides services to repair, wash, fuel, and mechanically maintain the machinery supplied. As these activities are carried out along the harvest front, facilities suitable for workshops, offices, and temporary housing must be moved to the site, inputs must be provided along the work front, and waste must be removed from the front. Interagrovial is responsible for moving personnel to the harvest site, assigning them in three shifts in order to achieve continuous operation for 24 hours a day for six days a week over a period that can last as much as six or seven months.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For queries on the project, contact:

Contact name: Cr. Julio Blanco
Position: CEO
Telephone: +598 231 50000

For queries and comments regarding projects, including environmental and social issues related to an IDB Invest transaction, please contact the client (see Investment Summary file) or IDB Invest via e-mail at As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism via e-mail at or, or by telephone at +1(202) 623-3952

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How it works