Marcopolo

completed

Given the upsurge in demand and the growth prospects for exports and international operations, Marcopolo approached IFC for a $40 million financing package, which would help the company and Polomex: maintain and upgrade equipment over the next 3 years; finance working capital needs stemming from both existing and expected growth in production; andrefinance existing short-term debt.IFC Role IFC''s role in this project includes: providing long-term financing that is otherwise currently not available; advising the company on a more rational and sustainable financing structure and financial management through appraisal; and advising on best practices from around the world.Development ImpactThe IFC investment in Marcopolo will support the expansion of an internationally competitive bus body producer with plants in Brazil, Argentina, Colombia, Mexico, Portugal, and South Africa. The company is profitable and operates in a competitive market. It employes over 8,000 skilled workers and produces quality buses which adds to safe, competitively priced transportation services in the recipient countries. The company’s presence in international markets also enables it to bring new technology to the Brazilian market as well as to other emerging markets.