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President Serzh Sarsgyan met with Lars H. Thunell, Executive Vice
President and CEO of IFC
YEREVAN, AUGUST 26, NOYAN TAPAN. President Serzh Sarsgyan met today
with Lars H. Thunell, Executive Vice President and CEO of IFC
(International Finance Corporation). At the meeting discussed were
issues related to Armenia's economic development and enhanced
cooperation with the IFC in consulting as well as investment areas.
Serzh Sargsyan welcomed Corporation's greater involvement in our
country and readiness to engage international experts to assist
Armenia in developing the most promising spheres of economy.
The President stressed, in particular, importance of the IFC
consulting services in the banking, energy, and mining sectors, as
well as in the reformation of the business environment and
simplification of the system of administration. He also said that
Corporation's participation in the concrete investment projects would
also be very useful.
Speaking about the IFC's more active involvement in Armenia and
upcoming implementation of the programs, Lars H. Thunell assured that
the results of those activities would soon become noticeable.
Note: The International Finance Corporation (IFC), is a member of the
World Bank Group. Armenia is a member of IFC and its shareholder since
1995. In 1999, the Corporation started to provide consulting service
in Armenia, and in 2000 the IFC started to implement investment
projects. Until now, the Corporation has invested 87 million USD in 18
projects in different sectors of the Armenian economy. Priority areas
for the Corporation are: assistance to small and medium enterprises,
enhancement of energy efficiency to increase competitiveness of local
companies and mitigate climate changes as well as assistance to the
banks and companies to overcome consequences of the global economic
and financial crisis.
From: A. Papazian
President and CEO of IFC
YEREVAN, AUGUST 26, NOYAN TAPAN. President Serzh Sarsgyan met today
with Lars H. Thunell, Executive Vice President and CEO of IFC
(International Finance Corporation). At the meeting discussed were
issues related to Armenia's economic development and enhanced
cooperation with the IFC in consulting as well as investment areas.
Serzh Sargsyan welcomed Corporation's greater involvement in our
country and readiness to engage international experts to assist
Armenia in developing the most promising spheres of economy.
The President stressed, in particular, importance of the IFC
consulting services in the banking, energy, and mining sectors, as
well as in the reformation of the business environment and
simplification of the system of administration. He also said that
Corporation's participation in the concrete investment projects would
also be very useful.
Speaking about the IFC's more active involvement in Armenia and
upcoming implementation of the programs, Lars H. Thunell assured that
the results of those activities would soon become noticeable.
Note: The International Finance Corporation (IFC), is a member of the
World Bank Group. Armenia is a member of IFC and its shareholder since
1995. In 1999, the Corporation started to provide consulting service
in Armenia, and in 2000 the IFC started to implement investment
projects. Until now, the Corporation has invested 87 million USD in 18
projects in different sectors of the Armenian economy. Priority areas
for the Corporation are: assistance to small and medium enterprises,
enhancement of energy efficiency to increase competitiveness of local
companies and mitigate climate changes as well as assistance to the
banks and companies to overcome consequences of the global economic
and financial crisis.
From: A. Papazian