SDG 2.3 – Increase agricultural productivity and incomes of small-scale food producers.

Expected impact: 240 new contract farmers are expected to benefit as a result of this expansion which will lead to an increase income generation.

SDG 8.5 – Achieve full and productive employment and decent work for all women and men.

Expected impact: 150 construction and 280 operations jobs are expected to be created as a result of the expansion. 64% of operations jobs are expected to be women.

Challenge: Limited number of listed corporate bonds that use proceeds for infrastructure.

Channel: Further demonstration of bonds for infrastructure with reduced guarantee coverage.

Outcome: An enhanced corporate bond market through replication of similar bonds for infrastructure to unlock deeper pools of capital for projects.

Mobilised $34m of domestic private sector capital.

Resilience: A physical risk assessment was conducted, and material risks were mitigated.

Pran purchases farmer produce and provides training to farmers on durable agricultural practices which will improve the resilience of local farmers.

The project company expects to create 280 operations and maintenance jobs through this transaction, with 64% of these positions to be held by women. PAL has also conducted an anonymous, company-wide gender-disaggregated survey to identify work issues affecting employee work-life balance and health, and solutions to address these.

$27k grant provided in 2022 to co-fund a supply chain assessment which will analyse the inherent risk and extent of child labour in the sector and region.

As part of the due diligence process, eight HSES improvements and one HSES enhancement opportunity in regard to gender empowerment, were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP).