The transaction consists of a guarantee of up to US$5 million to support the second closure of Urapi SLU (the "Fund") until it reaches its target capitalization of US$50 million. The guarantee will be issued for a term of up to 15 years, matching the Fund's time horizon. The Fund has a regional mandate, with a focus on agroforestry projects.
The Fund was established to invest in projects to restore degraded lands. The Fund's investments are formalized through special-purpose vehicles created for each project in the different countries where it invests. The special purpose vehicles, which are 100% funded by Urapi SLU, offer (i) equity investments in infrastructure for processing raw materials; (ii) investments in carbon credit sale and issue infrastructure; and (iii) financing for small producers to invest in their farms, improve land-use, and increase productivity. IDB Invest's guarantee will partially cover the risk of nonpayment of this financing for the small producers.
Contact information For questions about projects, including environmental and social issues associated with an IDB Invest transaction, please contact the client (see Investment Summary) or IDB Invest through e-mail firstname.lastname@example.org. As a last resort, affected communities have access to IDB Invest’s Independent Consultation and Investigation Mechanism through email@example.com or MICI@iadb.org, or by calling +1(202) 623-3952.