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AKFED GETS US$7 MILLION LOAN FROM IFC FOR KABUL SERENA HOTEL</I> - 2004-06-23

Date: 
Wednesday, 2004, June 23
Location: 

Kabul, Afghanistan, 23rd June, 2004 - The Aga Khan Fund for Economic Development (AKFED) and the International Finance Corporation (IFC), a member of the World Bank Group, charged with promoting private sector investment in the developing world, have signed a US$7 million investment agreement to finance the refurbishment and expansion of the Kabul Serena Hotel as part of a US$28 million project begun in late 2002.

person_place_reference: 
H.H. Prince Karim Aga Khan IV
person_place_reference: 
Serena Hotels

Press Release

AKDN - AKFED GETS US$7 MILLION LOAN FROM IFC FOR KABUL SERENA HOTEL - 2004-06-23

Source: 
www.akdn.org

The Kabul Serena Hotel, which is being thoroughly refurbished according to Serena standards, is set amid handsome gardens overlooking Zanegar Park and a busy junction in the city's commercial centreKabul, Afghanistan, 23rd June, 2004 - The Aga Khan Fund for Economic Development (AKFED) and the International Finance Corporation (IFC), a member of the World Bank Group, charged with promoting private sector investment in the developing world, have signed a US$7 million investment agreement to finance the refurbishment and expansion of the Kabul Serena Hotel as part of a US$28 million project begu

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