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According to the IDB Invest, the proposed transaction for Invesmar consists of a senior secured loan of up to US$35 million, with a term of up to 10 years, including a 2 year grace-period. The financing will be structured in two tranches: (i) a committed first tranche of up to US$25 million aimed at financing the Tahiti lime business, including planting, irrigation, and working capital, as well as the construction of a fertilizer plant; and (ii) an uncommitted second tranche of up to US$10 million, intended for investments related to additional agribusiness activities.
The project will promote the diversification and expansion of Invesmar's operations, strengthening its sustainable agro-industrial ecosystem and competitiveness in agricultural exports, while also supporting the substitution of imported agricultural inputs and generating employment in rural areas.
According to the IDB Invest, Invesmar International Investments S.A. ("Invesmar" or the "Company") is an agribusiness group with production operations primarily in Colombia, focused on the production and export of bananas, and on diversifying into other crops and services related to the agribusiness sector, including avocados, limes, fertilizers, logistics services, among others.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Invesmar International Investment S.A. | Client | - |
EMAIL: [email protected]
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).