Quick Facts

Regions:
Where the impacts of the investment may be experienced.
  • Africa
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Signed
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: 2016-09-21
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.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Amount (USD): $ 100.00 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): $ 300.00 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 @ EBRD website
Updated in EWS: 2018-01-02
Disclosure Date: 2016-08-17
Louis Dreyfus Company Regional Trade Finance
EBRD-48636

Project Description
A USD 100m revolving facility to finance part of the working capital needs of Louis Dreyfus Company Group's subsidiaries active in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Turkey and Ukraine. The project is financing the working capital needs of the subsidiaries of Louis Dreyfus Company Group for the merchandising activities of its agricultural commodities in these countries. PROJECT OBJECTIVES Working capital needs are seasonal and cover the purchase of agricultural commodities at prices that fluctuate throughout the year. The project is providing stable working capital financing for merchandising activities in countries where liquidity can be a constraint. TRANSITION IMPACT The proposed project will enhance the role played by Louis Dreyfus Company Group's subsidiaries active in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Turkey and Ukraine, which contributes to supporting a market-based system in the agriculture sector. Strengthening the role of the private sector in the trade of specific commodities in these countries will improve efficiency while reducing food waste. The project aims to improve global food security by enhancing trade linkages and efficiency between Egypt, the world's largest grain importer, and some of its major suppliers.
Investment Description
Contact Information
Louis Dreyfus Company Suisse S.A Financing & Treasury EMEA Region Hervé Sahores29, route de l' Aéroport, PO Box 236CH-1215 Geneva 15 Tel: +41-58 688 26 66 E-mail:herve.sahores@ldcom.com ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Bank Documents