October 12, 2020
The International Finance Corporation (IFC) said Friday that it granted up to $27.5 million in financing for Brazilian sugarcane company Jalles Machado to make more sanitizing products during the COVID-19 pandemic.
IFC will provide a seven-year loan for up to $20 million, while Dutch lender Rabobank will put in a five-year loan for $7.5 million, the multilateral agency said in a press release.
"With this investment, IFC is supporting Jalles Machado in mitigating the impacts the pandemic has had
Rabobank participates in a $27.5 mln loan for Jalles Machado to make more sanitizing products