IFC to consider a USD 25 mln loan to New World Grain Ukraine

The International Finance Corporation said that it might lend up to USD 25 mln to New World Grain Ukraine, a joint venture of French Groupe Soufflet and Australian ABB Grain. The funds will be used to finance grain trading operations of the company. According to the IFC announcement, the loan will be reviewed by the IFC board of directors on May 13.