IFC proposes to extend $45m debt capital to two Bangladeshi companies

IFC proposes to extend $45m debt capital to two Bangladeshi companies

International Finance Corporation (IFC), a member of the World Bank Group, is proposing to provide a loan of $25 million to a unit of PRAN Group, one of Bangladesh’s branded food and beverage groups and among its largest agro-processors, according to a disclosure.

The project, which has a total project cost of approximately $56.8 million, involves shareholders including the family members of the late PRAN Group founder Major General Amjad Khan Chowdhury and his family members.

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