Lima, Peru, September 17th, 2024 – The International Finance Corporation (IFC), a member of the World Bank Group, has granted a $150 million financing package to Grupo Ransa to further consolidate its leadership in the region through sustainable growth.
Grupo Ransa is a leading Third-Party Logistics (3PL) operator in Latin America, with operations in 12 countries. The IFC financing is accompanied by a decarbonization plan to manage the company's climate transition impact and risk, and to promote diversity and inclusion in the countries where it operates.
Cheryl Edleson Hanway, Director of Infrastructure, Energy, and Mining for IFC in Europe, Latin America, and the Caribbean, stated: "The private sector plays a crucial role in developing sustainable infrastructure and improving supply chains and logistics services, which reduces costs, increases productivity, and strengthens the economy. This financing package for Ransa makes us proud, as it reaffirms our commitment to continue promoting the development of logistics services that drive our sustainability, inclusion, and productivity strategy for Latin America."
Latin America and the Caribbean are behind other regions in terms of infrastructure, logistics, and related services. According to the World Bank's 2023 Logistics Performance Index (LPI), Latin America and the Caribbean rank 92nd out of 139 countries in 2023, lower than East Asia, the Pacific, Europe, and Central Asia. This performance is attributable to limited logistics infrastructure, low value-added services, and high informality.
Paolo Sacchi, CEO of Grupo Ransa, commented, "This transaction is an important milestone in the company's strategy and will give us a boost to continue growing sustainably throughout the region."
About Ransa
Ransa is the leading logistics operator in Latin America, with a presence in 12 countries: Peru, Chile, the Andean Region (Bolivia, Ecuador, and Colombia), Central America (Costa Rica, Guatemala, Nicaragua, Honduras, El Salvador, and Panama), and Mexico. With over 85 years of providing efficient, agile, and adaptable solutions, more than 8,500 employees across 95 locations, and a capacity of over 4 million square meters of infrastructure. For more information, visit www.ransa.net.
About IFC
The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working in more than 100 countries, IFC uses its capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and capital to create a world without poverty on a livable planet. For more information, visit www.ifc.org.
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