Agricultural Competitiveness (IADB-SU-L1020)

Countries
  • Suriname
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
Proposed
Bank Risk Rating
B
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.
Borrower
Ministry of Agriculture, Animal Husbandry and Fisheries
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 17.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Aug 5, 2016


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Project Description
The project's objective is to contribute to increase the competitiveness of the agricultural sector through improving the capacity of animal health, plant health and food safety and agricultural innovation services. The five-year program's main goals are an increase of the sector productivity, increase of agricultural exports, avoided production losses and reduction of export rejections. The main beneficiaries of the program are agricultural producers in Suriname. The operation was classified as category “B”, based on the use and transport of small quantities of hazardous materials (laboratory reagents, pesticides) and a moderate risk of natural disasters. The screening process identified no impacts to vulnerable communities or sensitive areas and no displacement of families.
Investment Description
  • Inter-American Development Bank (IADB)
This is a US$17,500,000 investment loan.
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).