BRIEF-Nicaraguan coffee farmers to receive $30 mln in loans

miércoles 24 de junio de 2015 10:01 GYT
 

NEW YORK, June 24 (Reuters) - International Finance Corporation (IFC), Ecom Agroindustrial Corp, Starbucks Corp , InterAmerican Development Bank, Global Agriculture and Food Security Program:

* IFC, member of the World Bank Group, to invest $12 million toward a $30 million long-term loan program to help Nicaraguan coffee farmers deal with coffee rust fungus known as "roya".

* Program to be administered by Exportador Atlantic S.A., a subsidiary of Ecom operating in Nicaragua.

* InterAmerican Development Bank will invest $12 million.

* Atlantic and Starbucks will each invest $3 million. (Reporting by Marcy Nicholson)