The International Finance Corp., the World Bank affiliate that finances private-sector enterprises in developing countries, last week said it has agreed to help finance three projects in India, Yemen and Paraguay:
*A $49.69 million project to double the capacity of a cement plant owned by the Gwalior Rayon Silk Manufacturing Co. at Khor, in the Indian state of Madhya Pradesh. The IFC has agreed to lend $9.96 million for the plant's expansion, which is expected to create 400 new jobs and generate about $13.3 million annually in foreign exchange earnings by its completion in a year.
*A project to establish a 10,000-barrel-a-day oil refinery to process the oil from recently discovered reserves in Yemen. The IFC has agreed to lend $9 million to Yemen Hunt Oil Co., a subsidiary of Hunt Oil Co. of Dallas, which began exploring the area in 1981. In addition, the Overseas Private Investment Corp. will lend $20.7 million to the project. Products of the oil refinery will be for consumption in the local market, the agency said.
*A $3.9 million project to develop an integrated farm and ranching operation in eastern Paraguay. The IFC has approved an $800,000 loan to Western Agri Production, an affiliate of Agri Management Co. of Fort Collins, Colo., to help finance the project to produce annually 1,500 head of cattle and 12,000 tons of crops -- mostly soybeans, wheat and cotton. The Overseas Private Investment Corp. also will loan $1.1 million for the project.
In other developments, the World Bank recently agreed to support international development projects including:
*A $36.3 million project designed to increase agricultural productivity in Syria by improving farm managment practices and extension services. The World Bank has approved a $7.5 million loan for the project, which is expected to benefit some 380,000 farm families -- 80 percent of the country's total farm population.
*A $138.1 million project in Uruguay to make hydroelectric generation more efficient and electrical services more reliable. The World Bank agreed to lend $45.2 million to help finance the project.