Olam International Limited: Inclusive, Sustainable, and Connected Coffee Value Chain (ADB-51139-002)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
  • Papua New Guinea
  • Timor-Leste
  • Vietnam
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
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.
Borrower
Olam International Limited
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)
$ 3.00 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 @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank Sep 5, 2018


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Project Description

According to the bank website, the project complements the approved loan of up to $100,000,000 to Olam International Limited (Olam), a global agribusiness company that provides an end-to-end supply chain solution for a variety of agricultural raw materials and food ingredients. The loan will support Olam' $223 million capex and expansion plan over the 2017-2019 period invest in Olam' midstream processing assets and permanent working capital for smallholder farmer supply in Timor-Leste, Papua New Guinea (PNG), Viet Nam, and Indonesia. The project will promote inclusive and sustainable agricultural value chains with higher local value addition in Southeast Asia and the Pacific.

Investment Description
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Olam International Ltd Client -

Contact Information

Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Office of the Director General, PSOD
Responsible ADB Officer Jeong, Juhyun

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main