Money will fund blueberry varietal renewal programme, job creation and productivity improvements in avocados
Camposol has secured a US$400mn financing package from IDB Invest, IFC, Rabobank, Scotiabank and BBVA. The money will be used to boost productivity, promote formal employment and improve the resilience of the business.
The project includes investments in the varietal renewal of blueberry crops, avocado plantations, permanent working capital, and other corporate uses.
“The deal will allow Camposol scale up its genetic improvement programme, which has demonstrated superior yields and greater water efficiency, thus better adapting to environmental challenges,” the company said.
Camposol expects its export volume to increase by more than 30 per cent between 2025 and 2030. In addition, more than 2,500 direct jobs are projected to be created, with female participation exceeding the national average in the agricultural sector.
“Agribusiness represents a key opportunity to generate formal employment in Peru, especially in rural areas, and to maintain the country’s export levels of products such as blueberries, avocados, and other core crops of the company,” Camposol said.
In addition to financing, IDB Invest will provide technical assistance through the implementation of an Environmental and Social Action Plan (ESAP), which includes studies on biodiversity, water management, occupational heat stress prevention, and sustainable agriculture certifications, all within the framework of the sustainability strategy implementation roadmap.
“This transaction reaffirms Camposol’s commitment to sustainable growth, agricultural innovation, and long-term value creation. The backing of multilateral institutions and commercial banks reinforces the strength of our operating model and allows us to move forward with determination on the priorities defined in our strategic planning, promoting responsible and competitive development in all the markets where we operate,” Camposol stated.
