The International Finance Corporation (IFC), part of the World Bank Group, announced that it has provided Grupo Ransa with a $150 million financing package to enhance its position in the region through sustainable development.
Grupo Ransa is a prominent Third-Party Logistics (3PL) provider in Latin America, operating in 12 countries.
This financing from the IFC is coupled with a decarbonization strategy aimed at addressing the company’s climate transition challenges and risks while fostering diversity and inclusion in its operational regions.
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Cheryl Edleson Hanway, Director of Infrastructure, Energy, and Mining for IFC in Europe, Latin America, and the Caribbean, said, “The private sector plays a crucial role in developing sustainable infrastructure and improving supply chains and logistics services, which reduces costs, increases productivity, and strengthens the economy.”
She added, “This financing package for Ransa makes us proud, as it reaffirms our commitment to continue promoting the development of logistics services that drive our sustainability, inclusion, and productivity strategy for Latin America.”
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Latin America and the Caribbean lag behind other regions in terms of infrastructure, logistics, and related services. The World Bank’s 2023 Logistics Performance Index (LPI) ranks the region 92nd out of 139 countries, placing it below East Asia, the Pacific, Europe, and Central Asia.
This underperformance stems from inadequate logistics infrastructure, a lack of value-added services, and a high degree of informality in the sector.