Beel Sustainable Credit II (IFC-49104)

Countries
  • Mexico
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Beel Infrastructure SAPI de CV
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 25, 2024

Disclosed by Bank Aug 1, 2024

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed project consists of an equity investment in BEEL Sustainable Credit II (the “Fund”) of up to US$30 million equivalent in MXN, along other private institutional investors, targeting a Fund size ranging from US$350 million to US$470 million equivalent in local currency. The Fund aims to finance senior and mezzanine debt to infrastructure, energy and real asset projects in Mexico (the “Project”). The Fund will be managed by BEEL Infra, S.A.P.I. de C.V. (“BEEL” or the “Manager”), a strategically positioned debt fund manager in Mexico.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The Project will support medium and large infrastructure and energy subprojects in Mexico, and as such has been categorized as FI-1 according to the IFC’s Sustainability Policy. The Fund's pipeline includes primary and secondary investments in mostly brownfield sub-projects with limited participation in greenfield sub-projects in diversified infra sub-sectors such as toll roads, bridges, industrial complexes, telecommunications and digital services, sanitation, renewable power generation, hospitals, and port terminals, among others. Such infrastructure and energy sub-projects may involve involuntary resettlement, adverse impacts on the environment, community and occupational health and safety, biodiversity, indigenous peoples, and cultural heritage. To mitigate such risks and impacts, as part of this investment, BEEL will be required to screen and assess all sub-projects against the IFC Exclusion List, national E&S laws, and IFC's Performance Standards. The Project will not support coal-related activities.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed IFC investment from IFC’s own account is for a total of up to US$30 million equivalent in MXN for up to 20% of the total capital commitments in the Fund depending on its final size.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Fund will be managed by BEEL Infra, S.A.P.I. de C.V., a strategically positioned debt fund manager in Mexico.

The Fund’s investor base will be primarily composed of Mexican Pension Funds (AFOREs), insurance companies, and other accredited or institutional investors.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Beel Infrastructure SAPI de CV Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Beel Infrastructure SAPI de CV
Alejandra Melgoza
Head of Legal
n/a
amelgoza@beelinfra.com
Bosques Los Duraznos 16, Lomas de Chapultepec, CDMX, Mexico
n/a

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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

How it works

How it works