IFC to advise ALC
Washington-based International Finance Corporation (IFC), the private sector arm of the World Bank, signed on 28 August a mandate to advise the local Arab Leasing Corporation (ALC)on a partnership agreement with an international leasing company. Funding will come from the IFC-run North Africa Enterprise Development (NAED), a technical assistance programme for small businesses. ALC is owned by Bahrain-based Arab Banking Corporation(34 per cent), Arab Investment ...
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