IFC to inject $15m equity into Myanmar's Shwe Taung Cement project

International Finance Corporation (IFC), the private lending arm of the World Bank Group, is considering an equity injection of $15 million into a brownfield project of Shwe Taung Cement Company Limited(STC), part of a local conglomerate, Shwe Taung Group (STG), according to its disclosure. Shwe Taung Group has presence in real estate, retail, construction and financial service sectors.