PROJECT

Projects

Summary of Investment Information

Project Number

46759

Company Name

OLAM INTERNATIONAL LIMITED

Date SPI Disclosed

Jun 23, 2022

Country

World Region

Region

Global

Projected Board Date

Jun 27, 2022

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 14, 2023

Department

WBG Planet

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 27, 2022
Signed : Jun 30, 2022
Invested : Jul 27, 2022

Sector

Diversified Edible Agricultural Crops Production

Project Description

The proposed IFC investment consists of a working capital loan of up to US$200 million to finance purchases of wheat, maize, and soya for delivery to Olam Global Agri Pte Ltd’s (Olam Agri)  customers and processing operations in countries that rely on imports of these commodities. The proposed financing will support Olam Agri with sustaining commodity flows and contribute to food security mainly in West and Central Africa, South and South-East Asia, as well as Middle East and North Africa (MENA).

Associated Advisory Engagement

Not Applicable.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation