IFC Invests CLP 23 Million in Securitized Bond Issued by Copeval to Support More Than 50,000 Farmers in Chile
The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced an investment of CLP 23,000,000,000 in a securitized bond issued by Copeval, Chile’s largest distributor of agricultural inputs. This marks the third securitization between IFC and Copeval, in addition to IFC’s nearly 16.8 percent equity stake in the company, reflecting a long-term partnership aimed at strengthening access to finance for the agricultural sector.
Chilean farmers face significant barriers in accessing financing, due to a lack of sufficient collateral, high transaction costs in agricultural lending, and a shortage of financial products tailored to their needs. Copeval is uniquely positioned to address these challenges by offering pre-harvest financing solutions, an option currently unavailable in the traditional market.