IFC to extend $13.5m convertible loan for two new Amata hotels in Myanmar

IFC to extend $13.5m convertible loan for two new Amata hotels in Myanmar

Amata Hotel Group- visual from company website

World Bank’s private lending arm International Finance Corporation (IFC) has signed an agreement with United International Group Ltd for a convertible loan of $13.5 million which will enable the firm to to build new hotels in Myanmar’s tourist spots.

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