IFC Supports Sustainable Agriculture in Morocco’s Farming Sector through its Partnership with Zalar Agri

IFC, a member of the World Bank Group, is providing $24 million in financing, including a US$12 million C loan for IFC’s own account and a mobilization of a US$12 million B loan through IFC’s syndication program, to Zalar Agri, one of Morocco’s leading fruit producers, as part of an effort to create jobs and spur export-led economic growth in rural Morocco. The financing, announced today, will help the company expand its fruit and nut growing operations, creating both permanent and seasonal jobs in Morocco’s countryside. This impact is considered…

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