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IFC looks to tackle high food prices
19 September 2008
IFC increases trade finance support for agribusiness in developing countries to help tackle food crisis.
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agribusiness soft commodities food crisis ifc developing emerging markets
IFC is responding to the global rise in food prices with more support for agribusiness and a market-driven, private sector–led strategy to increase the food supply in developing countries.
In fiscal 2008 (ended June 30), IFC invested $1.4 billion along the agribusiness supply chain – from farm to retail – to help boost production, increase liquidity, improve logistics and distribution, and expand access to credit for small farmers. IFC invested nearly $900 million directly in agribusiness companies and an...
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