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The proposed financing to Belize Sugar Industries ("BSI" or the "Company") consists of a long-term senior loan and a revolving line of credit (the "Loan"). BSI will use the funds of IDB Invest to partially finance: (i) fixed investments to (a) reduce logistics times and costs for the export of raw sugar, molasses, and (b) increase the production value added direct consumption sugar; and (ii) working capital needs, including payments to sugar cane suppliers. The main development objectives of the Loan include: (i) improving the Company's productivity through logistical efficiencies, (ii) supporting the growth of the value of exports, and (iii) strengthening the value chain, supporting small farmers in northern Belize, where there is a high incidence of poverty.
EMAIL: requestinformation@idbinvest.org
PHONE: +1(202)-566-4566
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request
ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
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 (IDB Invest)-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 IDB Invest 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 MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).