IDB Invest has entered into a strategic partnership with Massy Group that provides Massy Holdings Limited, and its wholly owned subsidiary Massy Integrated Retail, with a regional financing facility of up to US$150 million to support trade, food security and sustainable growth in the Caribbean.

Massy Integrated Retail, a leading distribution and retail provider in the Caribbean, will benefit from this financing package, which includes a US$90 million long-term loan to upgrade capital expenditures and support Massy Group’s strategic expansion plans. Additionally, a US$60 million trade finance programme will enhance intraregional trade and strengthen its supply chain platform.

The import finance facilities will contribute primarily to Massy’s subsidiaries in Barbados, Colombia, Jamaica, and Trinidad and Tobago, promoting food stability.

The funding will enable Massy to expand its regional presence across Latin America and the Caribbean, and strengthen and accelerate its investments to help modernise operations, particularly in logistics, retail and distribution.

Around 62 per cent of the Caribbean faces food insecurity amplified by climate impacts, which underscores the importance of private sector involvement. Massy is well positioned to address food security through its integrated retail and distribution network, supplying food products to 23 countries in the Caribbean and three countries in Central and South America. 

IDB Invest will also provide advisory services to Massy to strengthen local food supply chains, enhance energy efficiency and clean energy transition, promote social inclusion through recruitment, talent development policies and support organisational culture.

This would also allow Massy to develop a comprehensive sustainability strategy in line with climate adaptation. In parallel, IDB Invest will deliver advisory services on digital transformation for Massy’s Financial Services business line. 

IDB Invest indicated that the transaction represents its largest direct financing in a private sector entity in the Caribbean—a milestone made possible through the collaboration of participating countries.

“At IDB Invest, we are deeply committed to addressing the most critical challenges in the region by enhancing private-sector competitiveness, job creation, food security and sustainable growth to scale our impact and foster prosperity in the Caribbean,” said James Scriven, CEO at IDB Invest. 

IDB Invest and Massy will also collaborate on an environmental and social action plan to enhance Massy Group’s standards.

James McLetchie, deputy CEO of Massy Group said: “We are honoured to be chosen by IDB Invest as a partner in investments that will be pivotal in shaping Massy’s journey to becoming a world-class company. These investments will not only generate strong financial returns but also drive significant impact in areas such as improved governance, sustainability, digital transformation, and workforce development.”