MICROCAPITAL BRIEF: Louis Dreyfus Company Borrowing $100m from ADB to On-lend to Small-scale Farmers to Boost Climate Resilience, COVID-19 Recovery

The Asian Development Bank (ADB), a multilateral institution based in the Philippines, recently agreed to lend USD 100 million to Louis Dreyfus Company (LDC), a Netherlands-based firm active in agriculture, food processing and shipping. LDC plans to use the funds to finance “coffee, cotton and rice inventories” for 50,000 smallholder farmers who supply the firm’s operations in India, Indonesia, Pakistan, Thailand and Vietnam. Among the goals of the project are to