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.