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