Belagricola (IFC-34883)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Parana State
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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
Jan 22, 2016
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.
Borrower
BELAGRICOLA COMERCIO E REPRESENTACAO DE PRODUTOS AGRICOLAS LTDA
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2016-01-22 exchange rate.
Project Cost (USD)
$ 95.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2016-01-22 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 3, 2017

Disclosed by Bank Oct 20, 2015


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Project Description
This project provides funds for the financial restructuring of Belagricola Comercio e Representacoes de Produtos Agricolas Ltda, a Brazilian agricultural business company. Specifically, the project funds building the company's capital to finance its capital expenditures and restructure its short term debts.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Project Inquiries and Project Documentation: Belagricola Comercio e Representacoes de Produtos Agricolas Ltda Rua Joao Huss, 74, Gleba Palhano Zip Code 86050-490 Londrina – PR, Brazil Phone / Fax +55 (43) 3377-8671 http://www.belagricola.com.br ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/