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World Bank’s IFC approves Oman polysilicon project loan over US objection
Business World Philippines
|August 11, 2025
THE World Bank's International Finance Corporation (IFC) on Friday approved a loan and investment worth up to $250 million in a polysilicon manufacturing project in Oman for solar power applications, over the objections of the IFC’s US executive director, the US Treasury department said.
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Three other executive directors on the IFC board abstained from the vote on the United Solar Polysilicon project, including those representing Germany, the Netherlands and N
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