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IFC INVESTED ABOUT $150 MLN IN ARMENIA FOR 3 YEARS
PanARMENIAN.Net
March 27, 2012 - 11:29 AMT
PanARMENIAN.Net - Starting 1995, when Armenia joined the International
Finance Corporation (IFC) - a World Bank Group member, the financial
institution implemented 35 programs at the amount of over USD 200 mln,
IFC Director for Europe and Central Asia said.
According to Tomasz Telma, IFC's investment flow to Armenia totaled
about USD 150 mln. for the past three years.
He pointed out financial assistance to the private sector, metal mining
industry, creation of new jobs as well as promotion of economic growth
among the programs implemented. The institution assists the country's
government not only in financing the budget deficit, but also provides
consultation on improving tax and customs administration, reform
implementation in the fields of inspections, logistics and food safety.
From: Emil Lazarian | Ararat NewsPress
PanARMENIAN.Net
March 27, 2012 - 11:29 AMT
PanARMENIAN.Net - Starting 1995, when Armenia joined the International
Finance Corporation (IFC) - a World Bank Group member, the financial
institution implemented 35 programs at the amount of over USD 200 mln,
IFC Director for Europe and Central Asia said.
According to Tomasz Telma, IFC's investment flow to Armenia totaled
about USD 150 mln. for the past three years.
He pointed out financial assistance to the private sector, metal mining
industry, creation of new jobs as well as promotion of economic growth
among the programs implemented. The institution assists the country's
government not only in financing the budget deficit, but also provides
consultation on improving tax and customs administration, reform
implementation in the fields of inspections, logistics and food safety.
From: Emil Lazarian | Ararat NewsPress