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According to the IDBI, the proposed financing to PSA, a leading company in the sugar sector in Central America ("CA"), and its affiliated companies PCC and Panor, consists of a loan of up to US$100 million (the "Financing"), to be structured as follows: (i) up to US$75 million in a long-term loan (the "LT Loan"); and (ii) up to US$25 million in a revolving loan (the "Revolving Loan"). The Companies will use IDB Invest's funds as follows: (i) the LT Loan to finance fixed investments in Guatemala, including green investments related to climate adaptation and resilience; and (ii) the Revolving Loan to finance working capital related to sugar production, primarily in Guatemala, and its export (the "Project").
The main development objectives of the Financing include: (i) increasing agricultural productivity; (ii) promoting income generation in rural areas, particularly for women and along the supply chain (mainly sugarcane suppliers); (iii) reducing environmental impact and strengthening the operations' resilience to climate change; and (iv) greater integration with external markets.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Pantaleon S.A. | Client | - |
desarrolloresponsable@pantaleon.com
n/a
Guatemala City, Guatemala
POST OFFICE ADDRESS: Guatemala City, Guatemala
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).