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

Country

Brazil

Project Number

BR-L1435

Approval Date

August 5, 2015

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

-

Total Cost

USD 70,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 50,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3513A/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 3513A/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1664817403-1551
Agreement - Financial Closing - SCF
Brasil_ Préstamo 3513_OC-BR a Banco Cooperativo Sicredi S_A_ [39715963].PDF
Aug. 17, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1664817403-1554
Agreement - Financial Closing - SCF
Brazil_ Loan 3513_OC-BR to Banco Cooperativo Sicredi S_A_ [39715850].PDF
Aug. 17, 2015
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1664817403-1552
Project Abstract
Project abstract -Banco Sicredi BR-L1435 [39644705].DOCX
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1664817403-1553
Environmental and Social Strategies
ESS Banco Sicredi BR-L1435 [39644703].DOCX
Dec. 31, 1999
English

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