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Unsustainable Livestock Production

IDB Invest Drops Controversial Loan to Brazilian Beef Giant Marfrig Global Foods

23 Feb, 2022

white cow in a field in brazil

WASHINGTON — Environmental, animal welfare, human rights and development advocacy groups and Indigenous communities are cheering today after learning that the IDB Invest, the private arm of the Inter-American Development Bank (IDB) Group, is no longer considering a $43 million loan package for Marfrig Global Foods’ (MRFG3.SA) Brazilian beef operations. The IDB Invest loan, which would have leveraged an additional $157 million from other sources, was originally scheduled for a board vote on December 8, 2021, which was then delayed to May 4, …

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