IFC funds green loans for ABC Brasil

IFC funds green loans for ABC Brasil

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The International Finance Corporation (IFC) said Wednesday that it had granted a $100 million to Banco ABC Brasil, a division of Arab Banking Corporation, to fund green loans to agribusinesses and "promote market opportunities in sustainable finance." ABC Brasil will use the money to finance "climate-smart agriculture projects" for sugarcane, coffee and oranges and also electricity generation and transmission projects for sugarcane biomass projects, IFC said in a press release. Brazil is a promi

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