IDB Invest Drops Controversial Loan to Brazilian Beef Giant Marfrig Global Foods
![white cow in a field in brazil](https://globalforestcoalition.org/wp-content/uploads/2022/02/dieny-portinanni-OQiXFoyjIxY-unsplash-384x216.jpg)
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…