RE:RE:RE:RE:RE:Any proof IFC actually sold ?Nice try Schiff but your theory does not stand up. EOM getting the green light would have gone a long way to vindicating the IFC decision to invest to support development, jobs and the like. They never expected that the government would turn so radically against them about four years ago, and make them vulnerable to the environmentalists.
The ultimate knife to the throat was the EOM arbitration move. Now, they were directly involved in an international dispute essentially on the side of a company, or at least associated with it, that is at odds with the government that they were trying to assist. Combine that with the appeal to the Workd Bank Ombudsman whose decision was critical and the IFC could no longer justify their investment in EOM.
Purely politics and perception, the IFC was forced to bail out and take about an 80% loss on investment simply to disassociate itself with EOM.