RG-L1019 : Regional Sugar and Bio-Energy Program

Project Status
Approved

The Program aims to: i) increase the availability of trade finance lines to the sugar and ethanol producers in the region which would help address the issue of the current liquidity shortage and the immediate demand for trade financing in the region; ii) provide medium term financing to increase the efficiency and productivity of sugarcane producers, sugar mills, ethanol distilleries and other producers of bio-fuels, which is currently not readily available from commercial banks; and iii) promote energy efficiency in the region by providing medium term financing to sugar mills for capital expenditures on features such as co-generation and drip irrigation. This Regional Program has been designed by the IDB to diversify its support for the target regions in need of financing such as i) the Northeast region of Brazil in which the population is heavily dependent on the sugar industry, ii) C&D countries such as Central American countries that are in need of trade finance and upgrades for sugar mills, and iii) Mexico in which the sugar mills can increase their operational production efficiency and competitiveness significantly. The Sustainable Energy and Climate Initiative ("SECCI") will provide support for feasibility studies for the co-generation investments in the Northeast region of Brazil, and will provide support for regional expansion into C&D countries through providing technical assistance (TA) for necessary feasibility studies for the bio-energy industry. The Environmental and Social Management System to be used by LACFIN Program will incorporate the Bio-fuels Sustainability Scorecard.

PROJECT DETAIL

Project Number RG-L1019
Financial Information
Project Number RG-L1019
Project Status Cancelled
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date JUL 31, 2016
Roles & Responsibilities
Contract Signature Date
Financial Information
Project Number RG-L1019
Project Status Cancelled
IDB Financing
Financing Type Complementary Line of Credit
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date JUL 31, 2016
Roles & Responsibilities
Contract Signature Date
Country Regional
Project Type Loan Operation
Environmental and Social Impact Category Uncategorized

PROJECT INFORMATION

Total Cost H USD 150,000,000
Country Counterpart Financing USD 25,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 75,000,000
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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