The World Bank made this known in a statement, made available to the Pan African News Agency (PANA) in New York, US, on Tuesday.
According to the statement, ``Through this loan, IFC will contribute to the development of local capital markets and support long-term funding in local currencies for the local companies''.
It also said the loan, which is going to be listed on the regional stock exchange, would be exempted from taxation within the six member countries of the regional bloc, including Cameroon, Central African Republic, Congo, Gabon, Chad and Equatorial Guinea.
``The loan, which was unveiled in mid-November, will be officially launched in December,'' the statement added.
New York - 17/11/2009
Pana
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