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IFC Provides Loan to Phosphoric Acid Project in Jordan

2:01 AM MDT | June 7, 2011 | Deepti Ramesh

International Finance Corporation (IFC; Washington), a member of the World Bank group, says it is providing a $215-million loan to the Jordan-India Fertilizer Company (JIFCO) to support construction of a previously announced phosphoric acid plant at Eshidiya, Jordan. JIFCO is a joint venture between Jordan Phosphate Mines Company (JPMC; Amman) and Indian Farmers Fertiliser Cooperative (IFFCO; New Delhi). The financing includes a $90 million IFC B Loan raised from a syndicate of commercial banks including Ahli United Bank, Europe Arab Bank, Bank Muscat SOAG...

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