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Armenian president finds IFC'S participation in Armenia's business
programs very useful
YEREVAN, August 27. /ARKA/. Armenian President Serzh Sargsyan thinks
International Finance Corporation's investments in Armenia's business
programs will be very useful.
On Thursday, at his meeting with IFC Executive Vice President Lars H.
Thunell, Sargsyan hailed the corporation's willingness to expand its
cooperation with Armenia, the presidential press office reports.
The head of state stressed the importance of the IFC's consulting
services especially for banking, energy, mining and business and
administration areas.
Thunell, speaking about expansion of the IFC activity in Armenia, said
that its results would become visible very soon.
The International Finance Corporation (IFC) promotes sustainable
private sector investment in developing countries as a way to reduce
poverty and improve people's lives.
IFC fosters sustainable economic growth in developing countries by
financing private sector investment, mobilizing capital in the
international financial markets, and providing advisory services to
businesses and governments.
IFC is a member of the World Bank Group.
Armenia became a member of IFC in 1995. The IFC started investing in
Armenia in 2001 and has invested $87 million under 18 projects in
Armenia since then. -0---
From: A. Papazian
programs very useful
YEREVAN, August 27. /ARKA/. Armenian President Serzh Sargsyan thinks
International Finance Corporation's investments in Armenia's business
programs will be very useful.
On Thursday, at his meeting with IFC Executive Vice President Lars H.
Thunell, Sargsyan hailed the corporation's willingness to expand its
cooperation with Armenia, the presidential press office reports.
The head of state stressed the importance of the IFC's consulting
services especially for banking, energy, mining and business and
administration areas.
Thunell, speaking about expansion of the IFC activity in Armenia, said
that its results would become visible very soon.
The International Finance Corporation (IFC) promotes sustainable
private sector investment in developing countries as a way to reduce
poverty and improve people's lives.
IFC fosters sustainable economic growth in developing countries by
financing private sector investment, mobilizing capital in the
international financial markets, and providing advisory services to
businesses and governments.
IFC is a member of the World Bank Group.
Armenia became a member of IFC in 1995. The IFC started investing in
Armenia in 2001 and has invested $87 million under 18 projects in
Armenia since then. -0---
From: A. Papazian