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World Bank’s IFC hits back at allegations of climate non-compliance

TheBanker.com · last updated

The International Finance Corporation has hit back against allegations of climate non-compliance across $2bn of its agribusiness portfolio.

The IFC — the World Bank’s private-sector lending arm — said a report from coalition group Stop Financing Factory Farming is “full of inaccuracies” and defended its investment practices across livestock-linked projects in developing markets.

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