IFC sows funding for sustainable cotton in Brazil

IFC sows funding for sustainable cotton in Brazil

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The International Finance Corporation (IFC) said it arranged $210 million in financing for Brazilian commodities producer Grupo Amaggi to increase production of sustainable cotton. The financing involves $100 million from IFC itself plus $70 million from Rabobank and Santander and $30 million from IFC's Managed Co-Lending Portfolio Program (MCPP) with institutional investors, the World Bank's private sector lender said in a press release. Amaggi will use the money to convert 37,500 hectares of c

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