BR-L1435 : Banco Coorporativo Sicredi Financing for Rural Credit and Low-Carbon Agriculture

Project Status
Completed

The purpose of the proposed project with Banco Cooperativo Sicredi S.A. (¿Banco Sicredi¿) is to increase the available financing for Brazilian medium and small size farmers, prioritizing investments in low carbon agriculture technologies (similar to the defined under the ABC Plan), in order to increase agricultural productivity and food production. The IDB¿s intervention will combine: an A-Loan of up to US$35 million, 4 year amortizing loan to be complemented with an up to US$15 million co-loan from the China Co-Financing Fund for LAC. The project team is also collaborating with the IDB¿s Climate Change and Sustainability group (CCS) to bring technical assistance for Sicredi to advance rural development in Brazil through the promotion of low carbon agricultural practices.

PROJECT DETAIL

Project Number BR-L1435
Operation Number 3513A/OC-BR
Country Brazil
Sector FINANCIAL MARKETS
Subsector FINANCIAL MARKETS-FINANCIAL INCLUSION
Project Type Loan Operation
Project Status Completed
Approval Date AUG 5, 2015
Contract Signature Date NOV 4, 2016
Completion Date DEC 10, 2016
IDB Financing * 50.00

PROJECT INFORMATION

Total Cost H USD 70,000,000
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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Preparation

Approved

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