PROJECT

Projects

Summary of Investment Information

Project Number

40675

Company Name

OLAM INTERNATIONAL LIMITED

Date SPI Disclosed

May 3, 2018

Country

World Region

Region

Global

Projected Board Date

Jun 6, 2018

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Dec 14, 2023

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 26, 2020
Signed : Apr 28, 2020
Invested : May 8, 2020

Sector

Diversified Edible Agricultural Crops Production

Project Description

 Olam International is a leading agri-business operating across the value chain in 66 countries, supplying various products across 18 platforms to more than 22,000 customers worldwide. From a direct sourcing and processing presence in most major producing countries encompassing Asia-Pacific, SSA, North, Central & South America, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 30 largest primary listed companies in Singapore in terms of market capitalization. It differentiates itself by focusing on niche commodities and businesses, buying from growers and village-level agents at the farm gate, and providing value-added solutions and services to customers (e.g., traceability guarantees).

 

The proposed transaction is an agricultural supply chain financing to Olam to promote inclusive and sustainable agricultural value chains in SSA, East Asia, and the Pacific. With the proposed financing IFC will support Olam’s efforts to create markets for smallholder farmers in IDA countries, most of whom are unbanked or disconnected from financial systems.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation