Venture Capital Fund for Agrobusiness

The purpose of this operation is to attract private and public investment for using venture capital as an instrument for financing small agroindustrial companies in Mexico. The general objective is to expand the existing activity of Operadora Agros (the Fund administrator) in the Mexican agroindustrial sector, and develop the use of venture capital for the niche occupied by small agroindustrial companies. The financial objective of the Fund will be to achieve long term capital appreciation. The Fund's development objective will be the creation of employment, generation of income and contributing to improvement in the living conditions of Mexico's rural population.

Project Detail

Country

Mexico

Project Number

TC9803471

Approval Date

July 8, 1998

Project Status

Closed

Project Type

Equity

Sector

Subsector

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 6,000,000.00

Country Counterpart Financing

USD 3,000,000.00

Original Amount Approved

USD 3,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-979460158-4103

Donors Memorandum

Donors memorandum for MIF project TC9803471 - EQU_MS-6040-ME [1803167].PDF

Dec. 31, 1999

English

Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-979460158-9306

Plan of Operations

Capital Investment in the Venture Capital Fund for Agribusiness (AGROSEED) [460047].PDF

Dec. 31, 1999

English

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