The financing will support retail supply chain growth and job creation as Merqueo is expected to strengthen its upstream linkages. Merqueo will also increase its purchases from national suppliers by Brazil80% of which are micro, small and medium-sized enterprises (MSMEs), and stimulate job creation by planning to hire more than 2,000 workers by 2025.
BID Invest will also offer advisory services to develop a robust and actionable sustainability strategy to better identify, manage and measure environmental, social and governance (ESG) aspects across its operations.
The agreement is expected to contribute to five UN Sustainable Development Goals: Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (SDG 9), Reduced Inequalities (SDG 10), Responsible Consumption and Production (SDG 12). ) and partnerships. for the Goals (SDG 17).
About IDB Invest
IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries by Latin America and the Caribbean by the private sector. BID Invest finances sustainable businesses and projects to achieve financial results and maximize the economic, social and environmental development of the region. With a portfolio of $14.8 billion in asset management and 376 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
Merqueo builds the largest dark store logistics network Latin America to deliver your shopping faster and cheaper. Its catalog includes up to 10,000 products, including fresh fruits and vegetables, imported products, liquors, household items, personal care products, etc. Currently, the company operates in Mexico, Colombia and Brazil.
About Blue like an Orange Sustainable Capital
Blue like an Orange Sustainable Capital seeks corporate and project lending opportunities that offer both strong risk-adjusted returns and positive social impact in support of the United Nations Sustainable Development Goals.
Ana Lucia Escudero
SOURCE IDB Invest