IFC gives $75 milllion debt financing to Yemeni food group ...Kuwait

The International Finance Corporation (IFC) will provide up to $75 million in debt financing to a Yemeni food company as the war-torn country struggles with a growing hunger crisis and aid funding shortage, it said on Tuesday. The IFC, the investment arm of the World Bank, is giving the assistance to multinational Yemeni family conglomerate the Hayel Saeed Anam Group (HAS), which includes six food companies operating in the dairy, flour, and sugar sectors in Yemen. IFC said it is its first investment in Yemen's agribusiness sector in more than 10 years. Yemen's deep economic crisis, shortage of foreign currency and impediments to food imports have seen prices skyrocke

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