IFC plans US$10m stake in Sygnus-managed CARICOM Fund

The International Finance Corporation (IFC) plans to invest US$10 million in a Caribbean Community (CARICOM) fund managed by Sygnus Capital Limited, subject to board approval."The proposed investment comprises a US$10-million equity investment in the Caribbean Community Resilience Fund Equity Fund (CCE)," stated the IFC, the private- sector financing arm of the World Bank.IFC would invest up to US$5 million in a senior C tranche and up to US$5 million in a junior D tranche.

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