Rice Mars-BRICo (IFC-603217)

Countries
  • Cambodia
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
May 9, 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
Mars and Battambang Rice Investment Co., Ltd
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.80 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 May 14, 2019

Disclosed by Bank May 8, 2019


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Project Description

According to the bank website, "the project aims to address these challenges through a combined lead firm approaches in partnership with international players and their key domestic partners. The project has two specific objectives: (1) Increase access to SRP verified rice, including strengthening farmer groups/cooperatives and traceability; and (2) Improve farmers’ adoption of technology climate smart agriculture practices including improve access to planting seeds and services. To achieve these objectives, the project has designed and implemented various interventions include: (i) SRP training; (ii) seed multiplication; (iii) introduction of technologies and mechanization; (iv) farmers financial literacy; (v) farmer group/cooperative strengthening; and (vi) traceability. IFC manages the project and implements with its contractors and with partners under close guidance and technical inputs from various IFC internal specialists."

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

No project-specific contact information available at time of writing.

ACCOUNTABILITY MECHANISM OF IFC

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