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

white cow in a field in brazil

23 Feb 2022

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…

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