Eco-Business Fund S.A., SICAV-SIF (DFC-2019-ECOBUSINESSFU)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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."
Borrower
Eco-Business Fund S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 42.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ DFC website

Updated in EWS Dec 20, 2023

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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.

The Borrower seeks to promote business and consumption practices that contribute to the sustainable use of natural resources and biodiversity conservation in Latin America through providing financing and technical assistance to financial institutions (and to a limited extent to businesses) that have a demonstration effect. The Borrower’s focus will be in the follow four areas.

o Sustainable agriculture and agribusiness

o Sustainable fishery and aquaculture

o Sustainable forestry

o Sustainable tourism

Through providing financing to financial institutions that on-lend to businesses in these sectors, the Borrower seeks to support the financing of sustainable businesses models that avoid further degradation of the environment. Finance in Motion GmbH manages the Borrower’s financing and technical assistance.

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

Other financiers involved are:

Federal Ministry of Economic Cooperation and Development (BMZ)

Department for Environment, Food and Rural Affairs (DEFRA)

KfW Development Bank (KfW Entwicklungsbank)

Netherlands Development Finance Company (FMO)

European Commission Austrian Development Bank (OeEB)

Finance in Motion GmBH

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

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.

Not available

How it works

How it works