International Finance Corporation Is Considering Loan to Astarta
OREANDA-NEWS. July 09, 2012. The International Finance Corporation (IFC) is considering issuance of long-term loan to ASTARTA. Funds totaling up to USD 50 million would be used to finance the investment program in 2012-2013. The program envisages the construction of a plant for soybean processing, improving of power saving and expansion of agricultural and sugar production. Funding will also develop infrastructure and create jobs in rural areas of the presence of ASTARTA.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. IFC provides a broad suite of financial products-including loans, equity, trade finance, structured finance, and syndications-designed to promote worthy enterprises and encourage entrepreneurship.
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