Improving Marketing and Production of Artisanal Cocoa from Trinidad and Tobago (IADB-TT-M1031)

Countries
  • Trinidad and Tobago
Where the impacts of the investment may be experienced.
Specific Location
Southwest, central and northeast of Trinidad; Northeast Tobago
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
Active
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
Jul 14, 2016
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
Ministerio de Agricultura y Producción de Alimentos
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)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.75 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)
$ 1.49 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 22, 2017

Disclosed by Bank Jul 14, 2016


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Project Description
The project focuses on linking small scale growers with high value niche markets required for sustainability and growth of the cocoa sector in Trinidad and Tobago. The project seeks to equip growers with the skills and tools required for implementation of (a) quality certification (b) chain of custody and (c) branding that will facilitate premium pricing of cocoa and its value added products and improve market opportunities.
Investment Description
  • Inter-American Development Bank (IADB)
The total cost of the Technical Cooperation project is US $ 1,491,183. US $ 751,893 will be paid by the Multilateral Investment Fund through the IADB, and US $ 739,290 will be country counterpart funds. The execution period will be 36 months and the disbursement period will be 42 months.
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).