Amru Rice (IFC-41831)

Countries
  • Cambodia
Where the impacts of the investment may be experienced.
Specific Location
Kampong Thom
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
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 27, 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
Amru Rice Cambodia Co Ltd
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)
$ 10.00 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)
$ 13.50 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 Aug 30, 2019

Disclosed by Bank Apr 25, 2019


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Project Description

According to the bank website, "AMRU Rice Cambodia Ltd. is a leading rice processor and exporter in Cambodia. Its products include fragrant jasmine, organic and brown rice, sourced from rice millers and producers across the country. AMRU is expanding its business volume and, with the help of IFC, seeks to increase its working capital funding and refinance short-term debt which was used to finance the construction of the Company’s rice mill in Kampong Thom province"

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

AMRU Rice Cambodia Ltd.
Saran Song
CEO
(+855) 23-990 900
export@amrurice.com.kh
#A13-A15, Phlov Lom, Sangkat Rusey Keo, Khan Rusey Keo, Phnom Penh, Cambodia
www.amrurice.com.kh

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/