World Bank's IFC approves Oman polysilicon project loan over US objection

IFC loans $250 million for Oman polysilicon project

The investment package features a $200 million loan for the implementation of the project and a $50 million preferred equity investment. The approval is said to have been opposed by several members of IFC’s board of executive directors.The International Finance Corporation (IFC), the private-sector financing arm of the World Bank, has approved a loan of up to $250 million for a polysilicon manufacturing facility in Oman. Omani company United Sol…

IFC clears Oman polysilicon loan despite US objection

Chinese links a concern $1.6bn polysilicon plant Vital solar-panel ingredient The World Bank’s International Finance Corporation on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over the objections of the IFC’s US executive director, the US Treasury Department said. Three other executive directors on the IFC board abstained from the vote on the United S…

World Bank's IFC approves Oman polysilicon project loan over US objection

IFC said to provide up to $250mln for Oman project