IFC funds sugarcane company in Brazil

IFC funds sugarcane company in Brazil

Loans Coronavirus Debt Brazil US

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

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