Agrotec III (IFC-40605)

Countries
  • Paraguay
Where the impacts of the investment may be experienced.
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
Proposed
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
May 30, 2018
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
AGRIHOLD MANAGEMENT CORP
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 3, 2018

Disclosed by Bank Apr 27, 2018


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Project Description

The Project consists of providing Agrotec an up to $20 million one year loan facility (the “Facility”) with up to four renewable tranches, and a long term facility of up to US$5 million to support the working capital needs of the Company.

Investment Description
  • International Finance Corporation (IFC)

According to the bank, Agrotec S.A. (“Agrotec” or “the Company”) is one of Paraguay’s leading crop input distributor and agronomy services company operating since 1990. Agrotec offers a “one-stop shop” to more than 800 client farmers, providing seeds, fertilizers, agrochemicals, technical support, storage and logistic services, pre-harvest financing, as well as commercialization of the grains of its farmer client base. The Company’s strategy is to develop strong relationships with farmers providing integral agronomic services from sowing planning and advice, through the provision of seeds, nutrition integration and crop protection. Agrotec operates 13 Regional Distribution Centers (“RDCs”), including its headquarters in Ciudad del Este. They arelocated near the major crop regions of Paraguay to guarantee a rapid delivery of inputs and efficient customer service to its clients.

Private Actors
Contact Information

For inquiries about the project, contact: 

Agrotec SA 
Alcides Farina 
CFO 
061 571 900 
alcides.farina@agrihold.com 
Km. 4 - Supercarretera a Hernandarias Ciudad del Este, Alto Paraná – Paraguay 
www.agrotec.com.py 

 

For inquiries about the IFC, contact:

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

 

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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/