According to IFC website, the investment consists of an up to US$30 million unsecured loan 5 year tenor including 2 year grace to Latin American Agribusiness Development Corporation S.A. to continue to support its existing lending program in the midst of COVID 19. The project will help IFC to continue to support access to finance to agribusiness SMEs throughout Latin America, most of these are family owned businesses which have traditionally been underserved due to high perceived risks, and which are currently undergoing stress due to COVID 19 outbreak.
LATIN AMERICAN AGRIBUSINESS DEVELOPMENT CORP S.A., LAAD AMERICAS N.V., and AGRONEGOCIOS LAAD, S.A. DE C.V., SOFOM, E.N.R
Rafael Cestti, Chief Finance Officer / Authorized Signer
2800 Ponce de Leon Blvd., Suite 1200, Coral Gables, Florida, 33134
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
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