108
Table A3.2 (Continued) Country
Project Name
Total Cost
IFC Loan
15.2
6.0
Description of the Project
Belize
Nova Companies (Belize) Ltd. and Ambergris Aquaculture Ltd. (Approved May 1998)
Expansion of an existing shrimp production operation, and construction of a hatchery. Development outcome was rated as “Satisfactory” for the most categories, but “Partly unsatisfactory” for environmental effects. FRR=11.6 percent, ERR=11.6 percent
Indonesia
Central Pertiwi Bahari (Pipeline)
45.0
In January 2006, IFC announced an agreement to provide a loan facility of up to $45 million to PT. Central Pertiwi Bahari, a subsidiary of Charoen Pokhpand Group. CPB is Indonesia’s leading integrated shrimp operator and a major exporter of shrimp products.
China
Nantong Wangfu Special Aquatic Products Co., Ltd (Pipeline)
19.0
In January 2006, IFC signed its first investment agreement in China’s agribusiness sector to provide approximately $19 million in financing to Nantong Wangfu Special Aquatic Products Co., Ltd.The financing will help to implement an eel farming and processing project in Nantong, in the Jiangsu province of China.
Source: IFC project database. Note: ERR = economic rate of return; IFC = International Finance Corporation; FRR = financial rate of return; €1 = US$1.2 (approx.).