IFC is responding to the global rise in food prices by increasing support for agribusiness. In fiscal 2008 (ended June 30), IFC invested $1.4 billion along the agribusiness supply chain to help:
Boost production
- Increase liquidity
- Improve logistics and distribution
- Expand access to credit for small farmers
IFC invested nearly $900 million directly in agribusiness companies and an additional $91 million to support agricultural infrastructure, food retail, equity investments, and fertilizer production. Through partner banks, IFC also channeled $414 million to support rural farmers and trade finance activities. More than 40 percent of our agribusiness projects were in low-income countries.
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For more information contact:
Irina Likhachova
IFC Global Agribusiness
Phone: +1 (202) 473 1813
E-mail:
ilikhachova@ifc.org
Published on September 19, 2008
