Netafim Global 2 (IFC-41880)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • China
  • Turkey
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
Mar 25, 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
NETAFIM 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)
$ 90.00 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 Mar 13, 2019

Disclosed by Bank Feb 20, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

Netafim is the world’s leading manufacturer of micro-irrigation components.  The investment is for a $125 million corporate loan to Netafim Ltd (“Netafim” or “the company”), to support the company’s growth in China, Turkey and Africa.

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

Netafim Ltd. 
Mrs. Lauri Hanover 
CFO 
+972-52-312-44455 
Lauri.hanover@netafim.com 
10 Derech Hashalom, Tel-Aviv 
www.netafim.com 

 

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/