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IFC launches 450-mln dollar initiative to support Ebola-affected countries

The International Finance Corporation (IFC), a member of the World Bank Group, on Wednesday announced a package of 450 million U.S. dollars in commercial financing to support trade, investment and employment in the three West African countries.

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Lao gov't holds consultation on revised Water Law

​The Lao government held a public consultation here Thursday to gather feedback on its revised draft of the Water Resources Law, according to an IFC press release.

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World Bank to help Argentina achieve inclusive growth

The World Bank announced on Tuesday that its executive directors had endorsed a new strategy to aid Argentina to reduce poverty and promote inclusive growth.

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IFC sells stake in Cambodia's commercial bank to Japanese bank

The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement on Monday.

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IFC, Standard Chartered to boost RMB-denominated trade finance

IFC, a World Bank member, and banking multinational Standard Chartered have signed a risk sharing facility, which will increase the amount of Renminbi-denominated trade finance in emerging markets, an IFC statement said Tuesday.