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Proposed Loan - Sylvan Agriculture Limited PRAN Agribusiness Project
| Date: | July 2012 |
| Country: | |
| Subject: | |
| Document Type: | Reports and Recommendations of the President |
| Project Number: | 46904-014 |
Description
Report and Recommendation of the President describing terms and conditions for the proposed loan of $25,100,000 to Sylvan Agriculure Limited for the PRAN Agribusiness Project in Bangladesh, for the approval of ADB's Board of Directors.
In July 2011, PRAN applied for ADB assistance to fund its investment in three new agribusiness facilities: (i) a liquid glucose plant, (ii) a flour mill, and (iii) a frozen food processing plant. ADB’s investment committee endorsed the concept review paper for the transaction in January 2012.The project is central to PRAN's strategy of pursuing vertical integration and product diversification and is consistent with the government’s objective of making agriculture and food processing more productive and competitive.
