IFC lends $25 million to local steel firm
The International Finance Corporation (IFC), the private sector lending arm of the World bank, has announced a $25 million loan to Algeria's only integrated steel producer, Ispat Annaba, to assist the company with modernisation and improved environmental performance. 'IFC's investment will support the government's ongoing privatisation programme by improving the performance of Algeria's largest and most successful privatisation to date,' said IFC director for the Middle East ...
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