Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Chile
  • Colombia
  • Costa Rica
  • Dominican Republic
  • Guatemala
  • Nicaragua
  • Peru
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Bank Risk Rating: FI
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.
Board Decision Date: 2017-10-10
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 or Client: LAAD Americas N.V.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-10-09
Disclosure Date: 2017-08-30
Latin American Agribusiness Development Corporation S.A., "LAAD"
IIC-12098-01

Project Description
IIC: SCOPE OBJECTIVE "The IIC seeks to provide to LAAD Americas N.V. (the "Company" or "Borrower") a senior unsecured of up to US$45 million A Loan. The structure of the transaction is aligned with LAAD business model of providing medium-long-term financing to small and medium, privately-owned agribusiness companies (sub-projects) that are export oriented. During 2016 LAAD's greatest portfolio growth in absolute terms occurred principally in Brazil, Ecuador, Nicaragua, and Peru. LAAD subprojects in general generate socioeconomic benefits through full time and part time employment in the poor rural areas of the countries where it operates, where the poorest of the poor have no other means of income.Knowledge dissemination is a key element of agricultural sector development promoted by LAAD. Best practice lessons learned from clients and from innovation are scaled up throughout the LAC region to other producers.LAAD has raised donor funds for technology dissemination and compliance with voluntary certifications, which in turn will improve market access. One example are the funds raised by LAAD to assist subprojects to achieve third-party certifications, such as RSPO for palm oil clients (a tree crop considered as a driver of deforestation, and standard-compliant production in the palm oil sector has the highest annual growth rate in market penetration worldwide)."
Investment Description
Contact Information
No project contacts at the time of disclosure. ACCOUNTABILITY MECHANISM OF IIC 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).