The International Finance Corporation (IFC), a member of the World Bank Group, is supporting New Anthony’s Farm Group (NAF) to expand its poultry operations, strengthen rural livelihoods, and boost Sri Lanka’s agricultural exports.
IFC’s investment will help NAF, Sri Lanka’s only fully antibiotic-free poultry producer, increase production capacity, improve supply chain efficiency, and expand access to safe and affordable poultry products across the country.
The project is expected to create more than 900 jobs and support at least 200 smallholder farmers through contract farming and outgrower programs. Many of these farmers come from low-income communities, with women expected to make up a portion of the beneficiaries.
Smallholder farmers currently contribute a significant share of NAF’s poultry production. The investment aims to improve their productivity, strengthen market connections, and provide better opportunities for rural communities.
IFC will invest up to $10 million in the project, including support from the Global Agriculture and Food Security Program Private Sector Window. The expansion is expected to increase Sri Lanka’s poultry exports and generate additional foreign exchange earnings in the coming years.
The poultry sector plays an important role in Sri Lanka’s food security by providing an affordable source of protein. However, many small-scale farmers face challenges related to efficiency, access to markets, and modern production methods.
By supporting NAF’s growth, IFC aims to build a stronger and more sustainable poultry value chain while promoting job creation and economic development. The project will also help expand the availability of responsibly produced poultry products for consumers.
The partnership reflects IFC’s focus on supporting private sector solutions that strengthen food systems, create employment, and improve economic opportunities in emerging markets.
