Brazil, April 25 -- The International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of $130 million in Magazine Luiza S.A. (Magalu), a leading multi-channel retailer in Brazil with over 40,000 employees and operations in 20 states. IFC's investment will help enhance the company's technology infrastructure and strengthen its marketplace. IFC's investment in Magalu includes a $100 million loan from IFC's own account, and up to $30 million mobilized with investors. This financing package is structured as an incentive-based loan, targeting the collection and recycling of e-waste. Magalu plans to increase its e-waste collection and recycling efforts by more than five times over the next five years. This inv...