Credit Libanais has obtained long-term financing from the International Finance Corporation (IFC) that it will use to provide loans to local Small and Medium Enterprises (SMEs), the two parties said in a joint statement.
The financing granted by the IFC, which is a member of the World Bank Group, comprises a senior loan of $50 million with a hedged fixed interest rate.
"IFC's financing package is expected to expand the SMEs lending by ten percent and the number of SMEs in Lebanon b...
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The financing granted by the IFC, which is a member of the World Bank Group, comprises a senior loan of $50 million with a hedged fixed interest rate.
"IFC's financing package is expected to expand the SMEs lending by ten percent and the number of SMEs in Lebanon b...
Article details
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