International Finance Corporation

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IFC agrees to $172 million loan to fund Turkey's hospital plan

The International Finance Corporation (IFC) said on June 25 it has agreed to loan 154 million euros ($172 million) to finance the building of a planned healthcare complex in Ankara.

The IFC, a member of the World Bank Group, said in a statement the loan would fund the 1.1 billion euro ($1.23 billion) integrated campus.

International Finance Corporation launches bond program in Turkish Lira

The International Finance Corporation (IFC) said on June 22 it has introduced an innovative financial instrument to expand the availability of Turkish Lira financing for private enterprises in Turkey.

The IFC, a member of the World Bank Group, has become the first multilateral institution to issue lira-denominated discount notes.

What do women want?

Once again the critical vote in this election will be women?s vote. For more than a decade, President Tayyip Erdo?an has dominated the female electorate with his charisma, oratory and his personal appeal for women?s financial troubles. Now, for the first time, he may actually have a rival.

Turkish online payment company Iyzico raises $6.2 million

Turkey's Iyzico, which has aimed to provide a platform to allow e-commerce sites and other apps to easily process online payments, has raised $6.2 million in a Series B round of financing. Leading the round was the International Finance Corporation (IFC), the World Bank's investing arm, as reported by TechCrunch. 

Albania to Probe World Bank-Financed Plant

A spokesperson for Albania's General Prosecutor's office has told BIRN that  prosecutors will review all the procedures over the award of a concession to an Austrian company to build a controversial hydro-power plant.

"All the people that might have knowledge of the project will be questioned as part of the investigation," Albi Serani said.