The IIC supports the sugarcane industry in Brazil with a $50 million loan

The Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB), has completed the first disbursement of a $50 million revolving corporate loan to Sucres et Denrées S.A (Sucden) to support sustainable agricultural and industrial practices in the sugarcane sector in Brazil.

The loan will enhance liquidity in the sector through an innovative financial structure that will provide long-term funding to sugarcane producers for the renovation and maintenance of sugarcane fields as well as upgrades in industrial facilities.This will improve the productivity and quality of cane available for processing and the efficiency of sugar production.

The IIC will also support Sucden in the implementation of an environmental and social management system to promote sustainable practices within the industry and to identify potential biodiversity, energy efficiency or social shared value interventions.