Sargassum Innovation Facility
The general objective of the facility is to leverage the potential of sargassum as a resource for various industries, contributing to mitigating the environmental and economic impact of sargassum arrivals in the most sensitive geographical regions, and strengthening the environmental and economic resilience of coastal communities affected by this phenomenon.

Project Detail

Country

Regional

Project Number

RG-O1726

Approval Date

October 4, 2024

Project Status

Implementation

Project Type

Container

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

-

Lending Instrument Code

-

Modality

Facility

Facility Type

FFG (Facility Financing for Grants)

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 3,000,000.00

Country Counterpart Financing

USD 1,500,000.00

Original Amount Approved

USD 1,500,000.00

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50552
Loan Contract
Facilidad de Innovación para la Gestión del Sargazo - RG-O1726.pdf
Feb. 18, 2025
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50553
Loan Contract
Sargassum Innovation Facility - RG-O1726.pdf
Feb. 18, 2025
English
https://www.iadb.org/document.cfm?id=EZIDB0002691-1707068932-5
Donors Memorandum
RG-O1726 DR-O0013 Documento de aprobación de la facilidad vp.pdf
Jan. 28, 2025
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0002691-1707068932-6
Donors Memorandum
RG-O1726 DR-O0013 Facility Document pv.pdf
Jan. 28, 2025
English
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50405
Loan Contract
Facilidad de Innovación para la Gestión del Sargazo (RG-O1726; DR-O0013).pdf
Feb. 11, 2025
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50406
Loan Contract
Sargassum Innovation Facility (RG-O1726; DR-O0013).pdf
Feb. 11, 2025
English

Have an Environmental or Social issue related to IDB projects? File a Complaint