The International Finance Corporation (IFC), the investment division of World’s Bank, announced that it would provide a 160-million euro (approx. U.S. $205.9-million) loan to Turkish white goods producer Arcelik.
The agreement will be signed on April 8, 2005. With the loan, IFC aims to support Arcelik’s investment in Russia, and contribute to Turkey’s EU accession process. (Reporter.gr)