VOL. XLII

No 50

13-December-1999

LEBANON

IFC Provides $35Mn Credit Line To Byblos Bank

The International Finance Corporation (IFC) announced on 7December that it is investing $35mn with Byblos Bank to provide mortgages aswell as long-term financing for smaller businesses. "The investment, inthe form of a credit line to Byblos Bank, will allow one of Lebanon痴 leadingbanks to support housing, where there is a serious shortage of financing,"the IFC said in a statement. According to the IFC, Byblos...