Morocco: IFC Partners With Microfinance Player - IFC will provide a partial credit guarantee and technical assistance to Morocco's microfinance Foundation for Local Development and Partnership, a program that benefits more than 45,000 micro-entrepreneurs, Le Matin Eco and L'Economiste reports. IFC VP and Treasurer Nina Shapiro said that this operation came after IFC successfully issued its first bond in Morocco last year.
MENA: IFC Investment Promotes Medical Technology - IFC is the lead investor in the $100 million Ascent Medical Technology Fund II, a private equity vehicle to promote the development of the medical technology industry in the Middle East, Middle East Company News reports. This is the first fund of its kind in the region and will provide venture capital in the Gulf Cooperation Council and Jordan. Related story, Zawya.
Latin America: Regional Airlines Turn To IFC For Innovative Financing - Demand for airline expansion is soaring in Latin America, but airlines urgently require finance to support this expansion, reports Jane's Transport Finance.* In 2005, IFC agreed to a $30 million revolving credit facility for Taca for pre-delivery payments on purchase of A320 aircraft.
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