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IFC Signs Financing Agreement with Jordan Phosphate Mines

1:36 AM MDT | March 29, 2010 | Deepti Ramesh

International Finance Corporation (IFC; Washington), a member of the World Bank group, says it has signed a $50 million financing agreement and $60 million syndication agreement with Jordan Phosphate Mines Co. (JPMC; Amman), to help JPMC relocate a phosphate export terminal, to expand, and create jobs. JPMC is relocating the phosphate terminal at Aqaba, Jordan to a new location at the Southern Industrial Zone in Aqaba. JPMC will build a new terminal that will enable it to expand its reach in the international fertilizer market. “IFC successfully mobilized...

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