IFC Invests USD1.3b in MENA Region, USD74m in Jordan

تم نشره في Sat 24 September / Sep 2016. 12:00 AM - آخر تعديل في Sat 24 September / Sep 2016. 10:07 PM
  • مؤسسة التمويل الدولية تستثمر 1.3 مليار دولار في الشرق الأوسط وشمال أفريقيا

CAIRO —Al Ghad— The International Finance Corporation (IFC), a World Bank (WB) group member, has pledged to allocate over USD1.3 billion to investments in the Middle East and North Africa region, to be facilitated through the private sectors, in order to stimulate growth, advance infrastructure, and increase employment. Out of the bulk of the resources pledged, USD331 million were jointly allocated by other investors, all in the plan to develop resilience to shocks and empower the overcoming of development obstacles in the region, according to the international corporation’s regional office.

Chief among investments by the IFC is the facilitation of USD375 million in loans to finance energy companies including one in Suleimaniya, Iraq, and USD74 million to a renewable energy venture in Jordan, to establish a solar power facility north of Amman.

The IFC launched 20 new projects outlined to facilitate consultation services to government and the private sector in regards to issues ranging from organisational reform, to corporate governance, among other issues.