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...
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