VOL. XLIII

No. 20

15-May-2000

JORDAN

IFC Approves First Investment In A Jordanian Bank

The International Finance Corporations (IFC) plans to invest up to $4.4mn in convertible bonds and equity options in Jordans Middle East Investment Bank (MEIB). According to an IFC press statement issued on 8 May, the investment is part of a larger recapitalization, restructuring and management program arranged and led by Societe Generale Libano-Europeenne de Banque (SGLEB), a Lebanon-based affiliate of Frances...