Bel Ga Myanmar (IFC-38236)

Countries
  • Myanmar
Geographic location where the impacts of the investment may be experienced.
Specific Location
Industrial zone near Yangon
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Oct 31, 2016
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
BEL GA MYANMAR LTD
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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)
$ 7.50 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.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2019

Disclosed by Bank Sep 9, 2016

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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.

IFC is considering an investment in Bel Ga Myanmar to support the construction of a new parent stock (PS) breeding farm with a capacity of 96,000 PS and a new hatchery facility with a capacity of 12 million DOCs per annum in Myanmar.

The company is in the process of identifying the land required for the project in a suitable industrial zone near Yangon. The total land requirement for the breeder farm and the hatchery is expected to be 12 ha, and will be leased from the industrial estate authority or purchased outright from a private seller using a market-based willing buyer/willing seller transaction. The breeder farm and the hatchery is expected to be operational by May/2017.

OVERVIEW OF IFC'S SCOPE OF REVIEW

Since the project in Myanmar is at a very early stage, and the location/land is not yet finalized, IFC's environmental and social (E&S) review of this investment focused on the company's existing operations in Vietnam; it is expected that the company will largely replicate those operations for the proposed development in Myanmar.IFC, therefore, reviewed (i) the project development and implementation plans submitted by the sponsors for Bel Ga Myanmar; and (ii) technical, environmental, health and safety (EHS) related information for Bel Ga Vietnam, including: regulatory permits and licenses, operational policies and procedures; organizational charts; operational details about the company's existing operations; EHS, food safety and human resource (HR) policies and procedures; EHS related monitoring records; layout drawings and technical designs for the proposed expansion project.The appraisal also included site visits to PS breeding farm in Loc Quang and the hatchery in Bao Loc city; and discussions with Bel Ga Vietnam's senior management and technical teams at their office in Bao Loc city.

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

Bel Ga Myanmar Limited (“Bel Ga Myanmar”) is a greenfield hatchery and breeding company to be established in 2016 under the laws of Myanmar. Bel Ga Myanmar will build and operate a poultry breeding farm capable of accommodating 96,000 hens and a hatchery facility with an annual capacity of 12 million day-old-chicks (“DOCs”) (the “Project”). The purpose of the Project is to supply Myanmar farmers with high quality DOCs and help address the rapidly growing demand for poultry products in the country.

The total Project cost is estimated at US$10.5 million which will be financed by a combination of equity and long term debt. The proposed IFC investment for Bel Ga Myanmar is a US$6.5 million A Loan for IFC’s own account.


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.

Kay De Vreese
General Director
Bel Ga JSC
Loc Son Industrial Zone, Bao Loc City,
Lam Dong Province, Vietnam
Telephone: +84-63-3710099
Fax: +84-63-3710097

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/

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