Announcement

Collapse
No announcement yet.

IFC looks for new investment spheres in Armenia

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • IFC looks for new investment spheres in Armenia

    IFC looks for new investment spheres in Armenia

    2009-07-04 15:02:00


    ArmInfo. The International Finance Corporation (IFC) is looking for new
    investment spheres beyond the financial sector in Armenia, IFC Head for
    the Caucasus Thomas Lubeck told ArmInfo correspondent. He pointed out
    that at the moment IFC is considering possible financing of such
    spheres as trade, energy and gold mining. IFC is going to be more and
    more active in Armenia and contribute to economy development, he
    stressed. Lubeck also recalled that IFC is currently working with some
    Armenian banks - Armeconombank, Ardshininvestbank and INECOBANK,
    moreover IFC is one of the majority shareholders in Ardshininvestbank
    and INECOBANK.

    According to him, the support to the Armenian banking system (provision
    of guarantees, financing, participation in capitals of banks) under the
    crisis conditions holds an important place in the IFC strategy. The
    latter attaches much significance to the current potential of Armenian
    commercial banks as they have accomplished mechanisms on SME support,
    and this contributes to economy development, Lubeck stressed.

    As Head of IFC Office in Yerevan Nerses Karamanukyan told ArmInfo
    correspondent earlier, trade financing exclusive, IFC directed $3 mln
    to Armenia's economy. For 2009 IFC intended to provide Armenian
    commercial banks with loans worth $50 mln for small and medium business
    financing.

    From: Emil Lazarian | Ararat NewsPress
Working...
X