Agronorte (IFC-52066)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
Tres Coracoes, state of Minas Gerais
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Voting Date
Apr 30, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Grupo Agronorte
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
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)
$ 20.00 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.
Loan Amount (USD)
$ 20.00 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.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 1, 2026

Disclosed by Bank Mar 26, 2026

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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.

As stated on the project disclosure page, IFC is considering a US$ 20 million loan to partially finance the acquisition of an already built animal nutrition facility (the Project) in the industrial district of Tres Coracoes, state of Minas Gerais, Brazil. The area is characterized by established industrial and logistics activities with no residential areas in the immediate vicinity. No Indigenous Peoples or Quilombola communities have been identified within the project’s area of influence.

The Project site covers a total area of 529,000 m², including 244,000 m² of built-up area. The plant has a nominal capacity of 520,000 tons per year and is designed to produce pet, equine, livestock, and fish feed. The facility includes units for grain handling, milling, extrusion, drying, conveying and packaging. By the end of 2026, the factory is expected to employ 250 employees and 700 employees once it reaches full capacity.

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.

IFC’s Environmental and Social (E&S) review of this investment included: (i) review of E&S related documents provided by the Company; (ii) meetings with Agronorte staff responsible for environment, occupational health and safety (OHS) and human resources (HR); and, (iii) field visits to Agronorte’s existing animal nutrition plant in Tocantinopolis, Tocantins in December 2025 and to the Project site in Tres Coracoes, Minas Gerais in January 2026.

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

As stated by the IFC, Agronorte is owned by the Goncalves Carvalho Family. The founder, Gilmar Goncalves Carvalho holds the majority of the Company and the remaining is owned by his wife and their three sons. 

Agronorte (the Company) - https://www.agronorte.com/, is a Brazilian family-owned agribusiness with operations spanning grain trading, logistics, animal nutrition, grain storage, and inputs retail. The Company operates across 15 Brazilian states, and its footprint covers Tocantins and Para (North), Goias (Midwest), and Maranhao (Northeast). Agronorte sources its raw materials primarily from regional grain producers and cooperatives, focusing on soybeans and corn for its animal nutrition operations.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Grupo Agronorte Client Agriculture and Forestry

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.

Client - Grupo Agronorte:

Vinicius Carvalho - Director
Phone: +55 800 001 0909
Email: vinicius@agronorte.net
Address: Av. Nossa Senhora de Fatima,nº 2800 - Setor Industrial - Tocantinopolis – Tocantins
Website: https://www.agronorte.com

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