The Multilateral Investment Guarantee Agency (MIGA) has announced that it is supporting the ongoing operations and expansion of Jafara Group Limited, a company that produces, bottles, and distributes drinking water, juice, and harissa in Libya. The project was underwritten through MIGA's Small Investment Program, and is the first use of a World Bank Group lending […]
Tag Archives | World Bank
World Bank looks to raise $500mln fund for Mideast region
The World Bank is hoping to raise a $500 million fund to invest in the Middle East and North Africa, saying the region’s needs in the wake of the Arab Spring uprisings are more than it can manage itself. International Finance Corp., a unit of the World Bank, is setting up the fund in addition […]
$5 billion injection to help cure local ills
With the dust still to settle after the chaos of the Arab Spring, many foreign investors are thinking twice about sinking their cash into the region. The International Finance Corporation (IFC), the private investment arm of the World Bank Group, is seeking to help make up the shortfall, however. It aims over the next three […]
IFC plans $1 billion MENA investments by June-end: Source
International Finance Corp., a unit of the World Bank, plans to invest close to $1 billion by the end of June in countries including Egypt, Iraq, Jordan and Libya, its regional director said on Sunday. "We've invested so far more than a billion dollar since July 2011 and plan to invest another billion," Mouayed Makhlouf, […]
Tags: MENA Region, World Bank
Libya returnees get Tk 50,000 each
A total of 35,085 Libya returnees have received Tk 50,000 each in cash under the 'workers rehabilitation project' of the World Bank. “As per our target, all Libya returnees will get cash help. If anyone is dropped, they have been asked to communicate with the desk concerned along with valid documents,” Secretary of Expatriate Welfare […]
Tags: World Bank