Financial and Banking News
IFC Arranges $45mn Credit Line For Small And Medium LebaneseBusinesses
The International Finance Corporation (IFC - the private sector arm of theWorld Bank) is to arrange a long-term credit line of $45mn for five Lebanesebanks for onlending to local small and medium-sized businesses. The IFC willlend $30mn directly and will syndicate the remaining $15mn with internationalfinancial institutions. The IFC expects the credit to...