June 2022

Letter calling on IFC to cancel proposed $200 million loan to Brazilian agribusiness company Louis Dreyfus

We along with other organisations urge IFC shareholders not to grant the proposed loan of up to US$200 million to Louis Dreyfus Company Brazil (LDC) for the purchase of soy and corn produced in the heavily threatened Cerrado biome of Brazil, the world’s most biodiverse savanna that has already lost roughly half of its native vegetation to agribusiness.

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