Entrance of the Plant Site
Ambatovy received US$2.1 billion in debt financing from 14 lenders. This consortium includes government-sponsored export credit agencies, international development banks, and commercial banks from around the world. Ambatovyâ€™s financing arrangement was named the â€śEurope, Middle-East and Africa Mining Deal of the Yearâ€ť in 2007 by Project Finance International and represents the largest-ever project financing in sub-Saharan Africa.
Government-Sponsored Export Credit Agencies and International Development Banks
African Development Bank
European Investment Bank
Export Development Canada
Export-Import Bank of Korea
Japan Bank for International Cooperation
Very High Accountability Standards
Under the terms of the lending agreement, Ambatovy is required to adhere to stringent national and international standards for environmental management, social engagement, and other business practices. These standards include the Equator Principles
and the World Bank Groupâ€™s International Finance Corporation Performance Standards
. Ambatovy is audited several times per year by independent third-party experts who report to the lenders.