Interagrovial (IDBI-12256-01)

  • 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
Nov 19, 2018
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.
Fideicomiso Financiero Interagrovial
The holder of the loan, grant, or other investment.
  • 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, 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.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 23, 2018

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Project 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
  • IDB Invest (IDBI)
Contact Information

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