EBRD should provide Olam International a loan for $125 million

The European Bank for Reconstruction and Development (EBRD) on November 16, 2017 will consider the issue of a loan of $125 million for Olam International Ltd.

This is reported on the bank's website.

The loan will be aimed at ensuring stable financing of the working capital needs of the company in Georgia, Egypt, Poland, Turkey and Ukraine.

According to the report, the funds will be used to finance the search, processing, storage and transportation of agricultural products such as nuts, corn, dairy products and dried vegetables.

"The proposed project is expected to support Olam's expanding operations in the project countries by increasing the local sourcing of agricultural commodities and the export potential of these countries, further integrating them into the global economy," the message says.

The total project cost is $185 million.

Reference: Olam International, a transnational corporation from Singapore, plans to invest millions in the construction of a port-grain terminal in one of the ports of Ukraine.