IFC HELPS FUND CHINA ANTI-MALARIAL DRUGS
November 1st, 2006
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending 320 million Chinese Yuan - RMB (US$40.8 million) to leading China pharmaceutical manufacturer and distributor the Shanghai Fosun Pharmaceuticals Company. The IFC said the loan would support Chinese pharmaceutical sector reforms, while enabling Fosun Pharma to expand production of its anti-malaria products, build capacity and standardise environmental, health and safety management systems throughout its subsidiaries. An IFC note stressed the investment would help the ...
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