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...
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