More irreparable damge as World Bank offers to finance LNG

[Don1]

IFC Willing To Back LNG Investor
Published: Friday | May 9, 2014

The International Finance Corporation (IFC), the World Bank arm that deals with private-sector financing, confirmed on Wednesday that it has made tentative offers of financing to companies among the remaining bidders for the baseload LNG project.

The IFC indicated, however, that any such support will come only at the end of a due diligence process and would also depend on the granting of the licence.

[Rockman]

To do business with those infamous financial institutions never has a nice ending.
The good thing is that risk is assumed by the contractor and(whew)not by our country.
It is an interesting development,it increases the pool of bidders...

[Willi]

Nuh sigh relief just yet. Our Ticians always looking to sell us down the river!

Eternal vigilance.