Caribbean Bottling Company S.A. (IFC-40610)

Countries
  • Haiti
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 23, 2019
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
CARIBBEAN BOTTLING COMPANY S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Water and Sanitation
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)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 10, 2019

Disclosed by Bank Apr 10, 2019


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Project Description

The proposed investment consists of a financing package equivalent to US$5 million to Caribbean Bottling Company (“CBC” or the “Company”), a bottling company headquartered in Croix Des Bouquets, Haiti. CBC is one of the leading manufacturers and distributors of (i) water and related products, (ii) juice beverages under the brand “Frooty”, and (iii) iced tea under the brand “Brizz”. 

The project consists of investments to expand the Company’s bottling and warehousing capacity and incremental working capital needs. The Project will also be supported by the IDA18 IFC-MIGA Private Sector Window (IDA PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict affected states, such as Haiti.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

The Barrau family, Jacques Villejoint and Jean Phillippe Dufort own an aggregate shareholding interest of 73% in the Company, with the balance being owned by minority shareholders

Contact Information

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/