Exclusive: IFC to inject $30m equity into Irrawaddy Green Towers' telecom project in Myanmar

Exclusive: IFC to inject $30m equity into Irrawaddy Green Towers' telecom project in Myanmar

International Finance Corporation – the private lending arm of the World Bank –  continues with its investment spree in Myanmar.

IFC is proposing a a debt and equity investment of $30 million each – totalling $60 million – in Yangon-based independent tower asset firm, Irrawaddy Green Towers Ltd (IGT), incorporated in Singapore with operations in Myanmar.

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