IFC Invests In Liberian Private Sector

In a bid to improve the cement industry in Africa, the International Financial Corporation, IFC, along with its financial partners, is providing through equity and debt financing, US$180M due to its commitment to invest in expansion of local cement capacities in Sub-Sahara countries that are supported by the International Development Association (IDA).

Part of the initial disbursement of US$60 million is to be used to expand the cement milling capacity in Liberia. The International Financial Corporation (IFC) is a member of the World Bank Group that supports development of local infrastructure in Africa.