| GEO Business|
| IFC to nearly double number of Dollar Bonds|
| Updated at: 1516 PST, Friday, August 29, 2008|
NEW YORK: World Bank’s subsidiary organization International Finance Corporation (IFC) has announced to nearly double number of Dollar Bonds.
IFC high official said that the volume of loans obtained from the banks, as compared to previous year, has shot up by 60 percent i.e. from $5 billion to $8 billion. IFC is the largest unit of World Bank, which not only gives loans to the developing countries, but also provides joint venture facilities. IFC issued US Dollar Bonds in the international market are rated AAA.