IFC invested over $ 200 mln in Armenia over 17 years
27.03.2012,
14:33
The International Finance Corporation (IFC) invested $202 million in Armenia within 17 years of its activity in the republic, IFC Senior Manager for Eastern Europe and Central Asia Tomasz Telma reported to journalists on Tuesday.
YEREVAN, March 27. /ARKA/. The International Finance Corporation (IFC) invested $202 million in Armenia within 17 years of its activity in the republic, IFC Senior Manager for Eastern Europe and Central Asia Tomasz Telma reported to journalists on Tuesday.
Within 17 years IFC invested over $ 200 million in 35 projects directed to financial sector, and industry, in particular, mining industry, he said. It should be mentioned that the Corporation has quite activated its activity in Armenia over the recent three years, and the investments totaled $150 million, according to him.
He also said IFC collaborates with Armenia’s private sector to open jobs and boost economic growth.
Telma clarified that taking into account the situation on the world financial markets IFC not only conducts debt financing in Armenia but also funds trade spheres by implementing different programs.
Speaking on consultation services offered by the Corporation, Telma said IFC cooperates with Armenian government to develop mechanisms of legal regulation, and improve investment climate of the country.
He also expressed the hope that by collaborating with IFC Armenia will implement reforms in transport logistics, tax sector, control system, and food security.
Armenia joined IFC membership in April 1995. —0--
