Original disclosure @ IFC website
Updated in EWS Mar 8, 2020
Disclosed by Bank Nov 15, 2019
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The proposed IFC investment is a $5M loan package (IFC $2.5M and Global Agriculture and Food Security Program (GAFSP) $2.5M) to finance Luna’s backward integration into feed crop plantation and animal conditioning. The proceeds will be used to establish a semi-intensive goat feedlot (c. 300ha for corn silage and Calliandra species) in the Raya Azebo, Southern Zone of Tigray regional state and working capital to purchase and carry animals from local farmers around Mehoni, for conditioning before slaughtering, through an out-grower scheme. (the “Project”).
Tesfalidet Hagos - General Manager
Luna Export Slaughterhouse
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/