SUDAMERICANA LOAN
June 1st, 2002
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation of the World Bank has announced that it is investing US$100 million in Coumbian insurance and finance company the Suramericana Group; the investment is one of the most comprehensive projects ever undertaken by the IFC in Latin America.Its aim is to boost the quality of corporate governance in the group as it streamlines itself into rational divisions reflecting its services, to make it more attractive to outside investors in projected public share offerings.Suramerica's insurance businesses have blazed the ...
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