July 15, 2021
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
World Bank's private sector lender arranges $100 mln in financing for Amaggi and also contributes to a $35 mln VC fund in Central America