VOL. XXXIX No. 56 21-October-1996GCC

IFC In The Middle East The International Finance Corporation (IFC), the private sector affiliate of the World Bank, approved 12 projects in the Middle East in the year to 30 June 1996, the same number as in 1994-95, and made loans of $119.1mn and took equity positions of $19mn. In addition, the IFC carried out 10 technical assistance and advisory projects, as against 13 the previous year. The largest deal in which the IFC was involved was the Apache Oil...