Pacari Chocolate: Traceability and Grower's Associations (IADB-EC-T1412)

Countries
  • Ecuador
Where the impacts of the investment may be experienced.
Specific Location
ManabĂ­
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
  • 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
Approved
Bank Risk Rating
C
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 17, 2019
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
Government of Ecuador
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.24 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)
$ 0.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 10, 2019


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Project Description

The objective of the project is to improve the socioeconomic conditions of the small cocoa producers of Manabí. The expected result is to improve the production and traceability technologies of aroma cocoa and the production of high quality chocolate in Ecuador. To achieve these objectives, the project will incorporate small cocoa producers into the value chain of Pacari Chocolate, and at the same time increase Pacari Chocolate's high quality raw material purchasing capacity, by improving the company's operational capabilities, improvement of the traceability systems and the increase of the productive capacities of 3 cocoa producing communities in the province of Manabí.

Investment Description
  • Inter-American Development Bank (IADB)
Private Actors
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).