By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, is investing in Al-Douh Iraqi Company for Cement Industries ("Al Douh"), a leading cement manufacturer and part of Al-Riyadh Investment Companies Group (RICG). According to a statement from the IFC, the decision was made to help boost economic diversification and spur
At the World Bank-IMF Annual Meetings last fall in Marrakesh, the Bank governors endorsed innovative financial instruments to boost lending at the International Bank for Reconstruction and Development (IBRD) the Bank’s arm that lends to creditworthy countries. Some donor countries have signaled their readiness to provide additional financial support with the objective of strengthening the World Bank’s role in providing global public goods (GPGs), such as Germany (in the form of hybrid capital) and the US (in the form of guarantees).
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