VOL. XLI

No. 15

13-April-1998

JORDAN

IFC Takes Stake In Jordinvest

The International Finance Corporation said on 25 March that it is helping set up aninvestment banking company in Jordan. The IFC will subscribe $1.4mn in the firm, to becalled Jordan Investment Trust (Jordinvest). The company will carry out investment bankingactivities including the provision of "long-term private equity, investing in quotedinvestments, underwriting and private placement of debt and equity issues, corporate...