Quick Facts

Where the impacts of the investment may be experienced.
  • Brazil
  • Colombia
  • Zambia
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Approved
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.
Board Decision Date: 2016-09-19
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: Yara International ASA
The holder of the loan, grant, or other investment.
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): $ 150.00 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): $ 383.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2018-01-09
Disclosure Date: 2016-08-18
Yara Corporate

Project Description
Yara International ASA is actively expanding its operations in emerging markets and has invited IFC to consider supporting its FY16-FY19 capital investment programs in Brazil, Zambia and Colombia. Implementation of the Project is expected to improve availability and affordability of high quality fertilizers in Brazil, Colombia and Zambia and other emerging countries, strengthen competitiveness of local farmers, create jobs and enable transfer of technical and managerial know-how in the fertilizer manufacturing and distribution sectors.
Investment Description
Private Actors
Yara is a major producer and distributor of nitrogen-based fertilizers, such as ammonia and urea as well as complex fertilizers (NPKs). It maintains leadership positions in key international markets such as Europe and Latin America. Yara is a public company traded on the Norwegian Stock Exchange. Its largest shareholder is the State of Norway with around 36 percent stake, followed by the Norwegian National Insurance Scheme fund at around 5 percent. The rest of the shares are owned by various private investors.
Contact Information
Jens Hofgaard, VP Funding Corporate Finance Finance & Treasury Solutions Tel: +4724157499 Email: jens.hofgaard@yara.com Yara International ASA Drammensveien 131 0277 Oslo, NORWAY http://www.yara.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/
Bank Documents