Friends of the Earth: Controversial $200M IFC Loan Approved for LDC's Climate-Destructive Soy and Corn Operations in Brazil's Cerrado
July 06, 2022
July 06, 2022
WASHINGTON, July 6 (TNSreact) (TNScapv) -- Friends of the Earth issued the following news release and letter:
Despite opposition from more than 235 civil society organizations worldwide, shareholders of the World Bank's private sector arm, the International Finance Corporation (IFC), have approved a $200M loan to Louis Dreyfus Company Brazil (LDC). The loan will support the purchase of soy and corn--mostly destined for factory farms--- from large-scale industrial farms in the h . . .
Despite opposition from more than 235 civil society organizations worldwide, shareholders of the World Bank's private sector arm, the International Finance Corporation (IFC), have approved a $200M loan to Louis Dreyfus Company Brazil (LDC). The loan will support the purchase of soy and corn--mostly destined for factory farms--- from large-scale industrial farms in the h . . .