IFC considers $300m Morocco hotel financing for Pickalbatros
The International Finance Corporation (IFC) is considering a debt financing package of up to $300 million for four Moroccan subsidiaries of Egypt’s Pickalbatros Group to fund hotel acquisitions, refurbishments and debt refinancing, according to project documents seen by DevFiNews. The proposed investment includes an IFC A loan of up to $165 million, partially de-risked through … Read more