The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a working capital loan of up to $200 million to Olam Global Agri Pte Ltd (Olam Agri), a subsidiary of Singapore-listed Olam Group, according to a disclosure.
The proposed investment will be used to purchase wheat, maize and soya for delivery to Olam Agri’s customers, and for processing operations in countries that rely on imports of these commodities.