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| INNOVATIVE CREDIT CREATION IN ANTWERP DIAMOND INDUSTRY |
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| 21 May 2009 |
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| CHAIM EVEN-ZOHAR |
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| The announcement by the Antwerp World Diamond Centre (AWDC) that it “has reached an agreement with the Antwerp diamond banks to provide a temporary additional financial mechanism in support of the Antwerp diamond dealers” through which they will “provide new credit facilities up to a maximum of €1 billion”, seems, at first reading, either a hollow public relations exercise or an ingenious breakthrough to boost the industry’s shrinking financing facilities. |
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