AGROCORP INTERNATIONAL PTE LTD (FMO-58053)

Regions
  • East Asia and Pacific
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Specific Location
Region-wide
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
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
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 6, 2020
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
Agrocorp
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 25.00 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)
$ 25.00 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 @ FMO website

Updated in EWS May 18, 2020

Disclosed by Bank May 6, 2020


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Project Description

According to the bank document, "the transaction will improve the funding structure of Agrocorp by providing working capital. By investing in this transaction, FMO will support Agrocorp's gradual development into a supply chain manager. Together with Agrocorp, FMO will implement farmer training programs, in countries in South-Asia, to start within Myanmar. 

As Agrocorp is a promising medium-sized global Agri-Commodity trading and processing company keen to develop into s supply chain manager, it fits well in FMO's Agribusiness, Food and Water (AFW) strategy, FMO will support Agrocorp on this journey. To that regard, FMO will provide assistance to upgrade and further modernize systems within Agrocorp so that the company can improve its sourcing capacities and upgrade its supply chain in line with modern management practices. By doing so Agrocorp will reach out to numerous smallholders."

 

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Agrocorp is a global Agri-Commodity trading and processing company specializing in the physical trading of various agricultural commodities such as pulses, wheat, rice, oilseeds, sugar, cotton and edible nuts.

Contact Information

*There is no information being disclosed at this stage of the project*

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism