To strengthen a leading Sri Lankan manufacturer’s global presence, the International Finance Corporation (IFC), a member of the World Bank Group, committed $28.6 million, as part of a larger envelope of $40 million, to CBL Group. IFC’s investment will enable CBL, one of Sri Lanka’s largest food manufacturing conglomerates, to extend its global footprint across Asia and Africa. The financing supported the acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large-scale coconut processing facility in Indonesia, and will support the expansion of CBL’s existing biscuit manufacturing facility in Ghana.…
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