Signing A Million Dollar Loan Agreement

Don't get surprised as this is a fact. The International Finance Corporation (IFC), the private sector arm of the World Bank Group, signed a 50 million US dollar loan agreement with Shanshui Group. IFC said, the loan will be used by the cement group in debt restructuring and for installation of energy efficient technology. Well, if IFC is able to do that successfully, then the loan would be worth it! No?

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