The International Financial Corporation (IFC) is extending a $60 million loan to be used in the expansion of the cement milling capacity in Liberia.
According to a statement issued here Thursday, the amount is part of a $180 million the IFC and other international partners are providing through equity and debt financing to improve the cement industry in sub-Sahara Africa.
The IFC is a member of the World Bank group that supports the development of local infrastructure in Africa.
The statement added that the IFC is extending the loan to countries in sub-Sahara Africa that are supported by the International Development Association (IDA).
Source African Press Agency
African News from NetNewsPublisher.com
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