Early Warning System

Regions

Latin America and Caribbean

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

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

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

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.

Primary Source

Original disclosure @ DFC website

Updated in EWS Apr 2, 2020

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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 Sustainableforestry
o Sustainabletourism

Investment Description

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

US International Development Finance Corporation (DFC)

U.S. Sponsors: Calvert Impact Capital, Inc., a nonprofit corporation headquartered in Maryland

Conservation International Foundation a nonprofit corporation headquartered Washington, D.C.

Foreign Sponsor: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