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    Reference: 20100106
    Release date: 8 June 2010

    Promoter – Financial Intermediary

    EcoEnterprises Capital Partners

    Location

    Description

    An investment fund targeting SMEs that generate conservation benefits through the sustainable use of biodiversity in Central and South America. The fund manager plans to complete between 10 to 15 investments.

    Objectives

    The fund aims to make a commercial return whilst contributing to generate a positive impact on biodiversity.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 5 million or USD 6 million

    Total cost (Approximate amount)

    USD 40 million

    Environmental aspects

    The investment criteria as well as details of the Fund’s environmental and social due diligence procedures will be reviewed and checked for consistency and compliance with EIB environmental and social principles and standards. In addition, the environmental and social risk management capacity of the fund manager will be assessed during appraisal. The legal documentation to be entered into by the Bank will include appropriate obligations on the fund manager to ensure that the portfolio companies are in compliance with national law and EIB environmental and social requirements.

    Procurement

    The Fund’s investment guidelines will be required to ensure that appropriate procurement procedures are followed. Details of the Fund’s procurement due diligence procedures will be verified during appraisal.

    Status

    Signed - 7/12/2011

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Regional - Latin America Agriculture, fisheries, forestry Services Industry