International Finance Corporation (IFC), a member of the World Bank Group, is considering investing up to $35 million in equivalent loans to Tanveer Foods, an importer of food products in Bangladesh, according to a disclosure.
IFC said the proposed investment includes an up to $21 million senior-secured A loan from IFC alongside an up to $14 million from a GAFSP-subordinated loan. GAFSP (Global Agriculture and Food Security Program) is a $2-billion multilateral financing platform dedicated to improving food and nutrition security.