IFC, IDB to invest $100 mln in MENA infrastructure

17 April 2012

Reuters - 17 April 2012

DUBAI, April 17 (Reuters) - The International Finance Corp (IFC), a member of the World Bank Group, and Islamic Development Bank (IDB) jointly plan to invest up to $100 million on major infrastructure projects across the Middle East and North Africa, IFC said on Monday.

Both the institutions are pooling in $50 million each to the Arab Infrastructure Investment Vehicle, which is part of the Arab Financing Facility for Infrastructure (AFFI), a joint initiative of the World Bank, the Islamic Development Bank and IFC.

The AFFI provides financing and technical assistance to cross-border infrastructure projects and encourages governments and the private sector to work together on such projects.


Category: General

Subscribe to our Newsletter

This week's must-sees

Interviews, article, discussions, news of the week

Each Friday, at 8PM (Paris GMT), the Infrastructure Consortium for Africa (ICA) selects for you the moments you should not miss

To subscribe: p.wolmer@afdb.org

Subscribe now

You are currently offline. Some pages or content may fail to load.