Olam CI (IFC-601116)

Countries
  • Ivory Coast
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
Active
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.
Voting Date
Jan 6, 2016
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
Government of Cote D'Ivoire
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.91 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)
$ 1.91 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 12, 2017

Disclosed by Bank May 18, 2017


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Project Description
The overall objective of this Project is to increase the reliability and the professionalism of Ivorian cocoa, coffee, and cotton cooperatives and producer associations as they grow and become more complex in Olam's supply chain, by benchmarking their performance and refining their business management skills. The Project will enable professionalized cooperatives to access commercial input and asset financing through a proposed IFC transaction consisting of a risk sharing facility through a local bank. According to the bank website, IFC will support the following components: 1. Build capacity of a core set of master trainers within the Company, so they can effectively equip cooperatives and producer associations with enhanced business management skills to improve overall cooperative performance and increase sustainability in the supply chain. 2. Facilitate cooperative access to pre-harvest input and asset financing by using benchmarking tools on professionalism and creditworthiness, accompanied by targeted coaching assistance.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
ACCOUNTABILITY MECHANISM OF IFC 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/