VOL. XLI

No. 46

16-November-1998

LEBANON

And $11.5Mn In Lebanons Idarat Investment Corporation

The news follows an announcement on 21 October that the IFC willprovide financing of $11.5mn to Lebanons Idarat Corporation to help it develop twohotels and four restaurants. Idarat is a diversified tourism company holding interests inseveral hotels and restaurants which is now one of the main tourism facilities providersin the country. The IFC facility comprises a loan of $10mn and an equity investment...