Pak. Sugar VC (IFC-600092)

Countries
  • Pakistan
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
Approved
Bank Risk Rating
U
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.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.97 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 Apr 13, 2019

Disclosed by Bank Apr 9, 2019


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Project Description

According to IFC website, the overall project goal is to improve the economic, social and environmental sustainability of sugarcane supply chains in Pakistan. The overall goal of the Project will be achieved through the following four components:


COMPONENT 1: To increase the productivity, profitability and sustainability of sugarcane production at the farmer level; . The Project’s efforts will focus on developing 15,000 smallholder farmers who will be its ultimate beneficiaries via a farmer development system which will boost the sustainability and efficiency of the sugarcane production of smallholder farmers and ensure the smallholder farmers’ compliance with global sustainability and industry standards.
COMPONENT 2: To implement international compliance standard practices at the farmer and at the sugar mill levels. IFC will support the Client in implementing international standard compliant practices and systems by conducting an assessment of the practices used at the farmer and at the sugar mill levels for their compliance with the requirements of the Bonsucro standard, by identifying the required improvement opportunities, by providing recommendations on how the required improvements should be implemented and by providing guidance and high level support to the Client on implementing the recommended improvements
COMPONENT 3: To improve the sustainability of irrigation techniques through improving the affordability of solar powered pumps for irrigation and increased water use efficiency.
COMPONENT 4: To improve the capacity of sugar mills to support the sustainable development of sugarcane producers

People Affected By This Project

It is expected that the Project would achieve the following developmental goals:
1) Introducing sustainable and climate smart sugar cane growing and harvesting practices with 15,000 farmers in partnership with the Client’s sugar mills and other industry stakeholders;
2) Introducing sugar cane growing and processing practices and systems compliant with international standard requirements;
3) Creating a demonstration example on how to modernize and improve the efficiency of sugar cane farming and processing through (i) the introduction of innovative solutions, through (ii) improving farmer access to knowledge, inputs, technology and financing and through (iii) improving the competitive position of Pakistani sugar in export markets

IFC will develop the required systems, competencies and capacity at the level of the Client’s sugar cane extension services team for providing support to farmers and for maintaining international standards in the Client’s sugar mills’ supply chains.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure. 

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