In the wake of a public campaign urging the International Finance Corporation to reconsider a $200 million loan to agribusiness giant Louis Dreyfus (LDC), IFC has committed to presenting its full agribusiness portfolio to the World Bank Group Board for review. As the Board grapples with the IFC’s approach to this sector, we are joining 130+ organizations to call on the IFC Management and Executive Director to:
- Address the many negative impacts of IFC’s investments in destructive industrial agribusiness by undertaking a more thorough social and environmental assessment of IFC investments in the sector
- Urge the bank to stop investing in industrial agriculture, which fuels the climate crisis, undermines food security and food sovereignty, and is inconsistent with the bank’s commitment to align its investments with the UN Sustainable Development Goals (SDGs) and Paris Agreement
Learn more in our joint letter here.