Colombia-Beef (IFC-602126)

Countries
  • Colombia
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
Aug 21, 2018
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
Not Specified
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.98 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)
$ 1.98 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 @ IFC website

Updated in EWS May 8, 2019

Disclosed by Bank Apr 3, 2019


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Project Description

According to the bank, this project aims at improving Colombia's beef industry by aligning current cattle farming to more productive and sustainable practices, creating new opportunities to reach high-end export markets. The project will address the challenges associated with producing and exporting sustainable beef products in two ways: i) the project will work along clients’ supply chains to identify and address gaps limiting their productivity levels, such as increasing slaughter weight so that it meets the standards of major export markets. And, ii) the project will disseminate sustainable beef production practices along clients’ supply chains to decrease its impact on climate change, which will create great marketing opportunities for Colombian beef as a sustainable product for a global food market.

People Affected By This Project

1) Improve ranchers' productivity within client supply chains over a four-year period through the adoption of climate-smart ranching practices.
2) Support the sustainable development of Colombia’s beef sector to reach new/high-end markets.
3) Support existing beef industry efforts to develop sustainable practices and build local capacity.

Investment Description
  • International Finance Corporation (IFC)

Investment type not clear at the type of the snapshot

Contact Information

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