Central America Growth Fund, L.P.

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

For project inquiries, including environmental and social questions related to an IDB Invest investment, please contact the client or IDB Invest using the contact information provided above. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Provident Group Limited
Financing Requested: 
Financial Services
Central America and Panama
Scope Objective: 
Project Description: The project consists of a US$5.0 million participation in The Central America Growth Fund, L.P., a Delaware limited partnership ("the Fund") whose aim is to invest mainly in securities of privately held small and middle market growth-oriented companies in Central America and Panama. The Fund has an eight-year life and a target capitalization of US$50 million. The Fund will focus on six primary industry areas: a)retailing; b)food and beverage processing; c)manufacturing; d)media and telecom; e)tourism; and f)differentiated export products.
Environmental Review: 
This is a category III project according to the IIC's environmental and labor review procedures. Each investee company must comply with the environmental laws, regulations, and standards of the respective eligible jurisdictions, as well as with applicable IIC environmental and labor policies. Each company must also be in compliance with all the occupational health, labor, and safety laws and regulations of the eligible jurisdictions. The General Partner will certify that all investee companies will meet all applicable law, regulation and IIC policies regarding environmental, labor, and occupational health and safety.