📋 Tender Overview
COMPANY NAME
Marie Sharp Fine Foods Limited
PROJECT NUMBER
14115-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S CATEGORY tooltip
B
COUNTRY
Belize
SECTOR
Agribusiness
STATUS
Approved
DISCLOSED DATE
06/15/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
08/10/2022
APPROVAL DATE
08/19/2022
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
TEAM LEADER
Navarrete, Monica
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 5,000,000
CURRENCY
USD
Project scope and objective
The proposed financing to Marie Sharp Fine Foods Limited ( Marie Sharp , the Borrower or the Company ) consists of a 7-year Senior Loan of up to US$5 million (the Financing or the Loan ). The Company will use the Financing to finance capital expenditures to expand and improve their operations in Belize, and for working capital needs (the Project ). The main development objectives of the Project are to increase the production of processed value-added agricultural products in Belize for exports, and to improve productivity, while strengthening the value chain of SMEs suppliers, especially pepper producers in the country.
