Home / Daily Briefs / 2022 / 7 / IFC funds green loans for ABC Brasil

IFC funds green loans for ABC Brasil

IFC funds green loans for ABC Brasil

April 7, 2022 | Thierry Ogier
World Bank's private sector division supplies $100 mln for the mid-sized bank to fund "climate-smart" projects for sugarcane, coffee and oranges

Corporate & Sovereign Strategy International Financial Institutions Loans Brazil ESG Capital Markets Debt World Bank Green Finance Biofuels

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

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial