Paraguay-Beef (IFC-601952)

Countries
  • Paraguay
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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Jan 26, 2017
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
Government of Paraguay
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 2.40 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.
Project Cost (USD)
$ 2.40 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 Mar 5, 2018

Disclosed by Bank Feb 27, 2018

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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.

Component 1a) Support Paraguayan Beef Ranching Sustainable Principles Development IFC will support the development of sustainable beef ranching principles and criteria for Paraguay and test them in a variety of locations. IFC will also support the development of the appropriate monitoring/verification framework for the Paraguayan cattle ranching sector. Component 1b) Engagement with Banks & Regulator IFC will work with the local banking community through communicating progress on efforts to codify sustainable ranching practices and potential opportunities for investing in business models that increase productivity. Component 2a) - Support Client/s initial Risk Management system rollout Support client/s identify and map primary suppliers in their supply chain using data already collected but not yet linked to the clients risk management system. Component 2b) Develop and Test a Partnership model for client 1 in Paraguay IFC will work with the client/s in identifying potential services/linkages that the company could provide that could build into a partnership model suitable for Paraguay. Component 3) Innovation Technologies/Business Models IFC will support client/s that have expressed interest in identifying and testing technologies and management practices that would enable their members to improve productivity. Some examples of innovation include introducing new varieties of pastures into their current systems, other management systems such as rotational/cell grazing systems, and improving water/feed infrastructure.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

It is expected by the end of the project that Paraguay will have its first set of industry recognized practices/principles that stakeholders (civil society, ranchers, meat-packers, end-users) agree represent sustainable cattle ranching in Paraguay.

The clients will have tested a suitably adapted partnership model to roll-out in their Paraguayan businesses and a traceability system that allows them to assess supplier risk.

Business models for ranching intensification will be identified and tested in the Chaco and promoted to the ranching and the financial community in Paraguay.

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

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.

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/

How it works

How it works