VOL. XLVII

No 01

5-January-2004

IRAQ RECONSTRUCTION

IFC Approves $200Mn Financing Project For Iraq

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has approved plans for an investment to establish an Iraq Small Business Finance Facility of up to $200mn, according to a press statement issued on 19 December. The facility will seek to work with existing banks and new financial institutions that may be established in Iraq. It will consist of technical...