📈 IFC Invests US$ 10 Mn in New Anthoney’s Farms to Boost Sri Lanka's Poultry Exports

The International Finance Corporation (IFC) is investing up to US$ 10 million (including up to US$ 5 million from GAFSP) in New Anthoney’s Farms Group (NAF) to scale up sustainable agribusiness, create jobs, and enhance rural livelihoods. • Overall Investment & Impact: • Up to US$ 10 Mn total investment to expand operations and retail/franchise networks. • Expected to create over 900 jobs. • Will benefit at least 200 smallholder farmers via contract farming (22% women, 80% low-income earners). Smallholders currently drive 40% of NAF's production. • Export & Foreign Exchange Growth: • Aims to export 1,936 metric tons of poultry annually at full capacity (approx. 10% of total output). • Represents a 29% increase from 2024 export levels. • Projected to generate up to US$ 4.95 Mn in additional foreign exchange earnings by 2032. • Notably, NAF accounted for over 90% of Sri Lanka’s poultry meat exports in 2024. • National Context & Food Security: • Supports Sri Lanka’s poultry and livestock sector as a critical, affordable protein source. • Integrates smallholders (who make up 85% of local farms but under 30% of total supply) into formal markets to boost productivity, rural incomes, and export diversification. • Strengthens NAF's position as Sri Lanka’s only fully antibiotic-free, all-natural poultry producer.