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China Co-Financing Fund for Latin America and the Caribbean provides $20 million loan to Pantaleón S.A. for capex and working capital purposes
| Funder | People's Bank of China (PBC) |
|---|---|
| Recipient Organization | Pantaleón S.A. |
| Country | Guatemala |
| Start Date | Dec 10, 2021 |
| End Date | Oct 06, 2030 |
| Duration | 3,222 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 109755 |
Grant Description
China Co-Financing Fund for Latin America and the Caribbean contributes to USD 70 million loan to Guatemalan sugar cane producer Pantaleón S.A. for capex and working capital purposes in 2021 On December 10, 2021, the private sector institution of the Inter-American Development Bank (IDB), IDB Invest (formerly Inter-American Investment Corporation, or IIC) signed a loan agreement for a USD $70 million senior loan with agro-industrial company Pantaleón S.A., of which USD $20 million came from the China Co-Financing Fund for Latin America and the Caribbean (CHC).
The other USD $50 million came from IDB Invest's own funds.
Per the IDB Project Database, the full USD $20 million was disbursed as of July 2025.
The loan proceeds were to be used for agricultural fixed investment plans in order to increase agricultural productivity, reduce the need for irrigation per hectare, and reduce its greenhouse gas emissions. They would also be used for industrial fixed investment plans for the production of sugar. Lastly, loan proceeds were to be used for working capital.
The project funded is expected improve Pantaleon's productivity as well as promote sustainable operations through climate-smart investments and practices.
In accordance with IDB Invest's policies, an Environmental and Social Review Summary (ESRS) and a subsequent Environmental and Social Action Plan (ESAP) were executed for this project.
Staff Comments
- The China Co-Financing Fund for Latin America and the Caribbean was established on January 14, 2013 with a contribution of $2 billion by the People's Bank of China. It is administered by the IDB. For more information, see Record ID#86526.
- The IDB Invest project identification number is 12712-02 or IDBI-12712-02. The Inter-American Development Bank's Operation Number for the China Co-Financing Fund contribution to this loan is 5444/CH-GU.
Sources & References
- [Inter-American Development Bank Project Information Database filtered to view details for Project Number GU-L1185 Pantaleon S.A. as at July 25, 2025. Information retrievable at https://www.iadb.org/en/projects/project-information]
- Pantaleon Project Number 12712-02
- IDB Invest and Pantaleón Promote the Sustainable Sugarcane Sector in Guatemala
- IDB Invest together with Pantaleón promote the sugarcane in Guatemala
- BLP advised IDB Invest on a $70 million loan to Pantaleon S.A. in Guatemala Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Pantaleón S.A.
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