Xiwang Sugar receives IFC support

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02 March 2010

An IFC loan to China’s Xiwang Sugar holdings will boost both rural employment and further develop sustainable agribusiness.

IFC is providing a $20 million loan to Xiwang Sugar Holdings Company to enable the Chinese agro-processor to upgrade its operations, while promoting rural employment and food safety standards.

Xiwang Sugar, based in Shandong Province, has the capacity to process 1.5...

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