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On March 8th 2007, IFC announced approval by its board of a loan to Bertin, Brazil’s second-largest meat processing company. The project allows IFC an opportunity to partner and engage a leading private sector company in tackling the most serious environmental and social issues facing the Brazilian Amazon. The project supports World Bank Group strategy for Brazil to support improved productivity and social and environmental responsibility of large-scale livestock and agricultural enterprises and small-scale farming in deforested areas.
The $90 million loan will support Bertin’s corporate investment program to expand and modernize its operations across the country and help it develop a system, the first of its kind in Brazil, to ensure that Bertin’s cattle is sourced from ranchers that use sustainable practices and do not contribute to increased deforestation of the Amazon. The project will adhere to IFC’s environmental and social performance standards. Read more...
For more information, view the Summary of Proposed Investment or the Environmental & Social Review Summary.
Learn more by reading the frequently asked questions or about the consultation process.
Media Update: January 16, 2008
