Durli Brazil (IADB-BR-L1507)

  • Brazil
  • Paraguay
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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
Dec 11, 2017
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.
Durli Couros
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 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)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ IADB website

Updated in EWS Jan 3, 2018

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Project Description
Bank statement: The IIC was invited to participate in this financing from Cordiant Capital, who initially indicated that it would be participating with up to US $ 20.0 million. This loan will be used for: 1) Construction of the new plant in Paraguay with a production capacity of 4,000 wet blue hides and skins per crust per day (US $ 13 million) and working capital of the operation (US $ 6 million) In total an investment of US $ 19 million), and 2) Construction of the new plant in Bahia, Brazil, with production capacity of 4,000 units of wet blue skins (US $ 8 million) and working capital of the operation $ 5 million) (in total an investment of US $ 13 million) and 3). Refinancing of Durli's financial liabilities for US $ 18 million. Within this debt, 95% is short-term debt denominated in dollars.
Investment Description
  • Inter-American Development Bank (IADB)
Private Actors
Cordiant Capital will be a co-investor on the project
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).