IFC LOANS
February 1st, 2003
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation (IFC) of the World Bank is leading an aid deal to encourage local companies to maintain and manage pipelines sending natural gas and oil from central Asia to the European Union. The IFC, (which is initially injecting US$250,000), BP, Norway's Statoil, GTZ, (the German aid agency), and the Baku Enterprise Centre, Azerbaijan, will launch a programme to help local businesses benefit from petro- projects, notably the Baku-Tbilisi-Ceyhan pipeline to Turkey.Meanwhile, the IFC is also investing US$155,000 in a ...
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