IFC, Natixis, and Rabobank Arrange a $295 Million for Vicentin in Argentina, Strengthening the Country’s Agribusiness Export Sector
Summary
Washington, D.C. /Buenos Aires - January [24], 2018 IFC, a member of the World Bank Group, Natixis, and Rabobank arranged a $295 million long-term pre-export financing package for agribusiness company Vicentin in Argentina to support its working capital needs for exports of oilseed, oil and sub products. The financing package structured by IFC, Natixis, and Rabobank will support expansion of production and exports, as well as strengthen our competitiveness, said Vicentin Vice-President, Alberto Macua. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. Rabobank operates on the basis of cooperative principles with strong agriculture roots, thus boasting a track record of over a century in financing agribusiness through long-term relationships. Furthermore, Rabobank has been active in Argentina since 1993 as a Representative Office, and over the years, has built strong relationships across the industry by providing continued support to agribusiness companies in the country.