Monday, July 23, 2007

World Bank's IFC looks off the beaten track

(Reuters) - The World Bank's private sector lending arm is boosting its equity investments in homegrown second-rank companies where it sees opportunity and growth but wary investors may still see risk.

The bank's International Finance Corp (IFC) has long loaned funds businesses in the developing world to reduce poverty and promote economic development. It has also teamed up with major companies in high-risk markets as a lender and guarantor.


Read more at Reuters Africa

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