Middle East Economic Survey
IFC Provides $50Mn To Banque Internationale Arabe de Tunisie (BIAT)
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed an agreement to provide up to $50mn in the form of subordinated debt to Banque Internationale Arabe de Tunisie (BIAT). The loan will be structured to qualify as Tier II capital, the first such financing in Tunisia, and is in line with Banque Centrale...
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