IFC proposes $64m loan for I-Squared Capital-owned China Cube Water

IFC proposes $64m loan for I-Squared Capital-owned China Cube Water

Photo by Imani on Unsplash

The International Finance Corporation (IFC), part of the World Bank Group, has proposed an investment of 420 million yuan ($64 million) in China Cube Water Limited, a municipal wastewater treatment company that is wholly-owned by the US-based private equity firm I-Squared Capital.