IFC GIVES ARMENIA A GOOD MARK FOR ATTRACTING FOREIGN INVESTMENTS

/PanARMENIAN.Net/
22.05.2009 19:20 GMT+04:00

/PanARMENIAN.Net/ Armenia has received a good mark for its efforts
aimed at attracting foreign investment. That was an outcome of a new
report of the International Financial Corporation (IFC). The survey
conducted by IFC has covered 181 countries.

According to the report, among former Soviet countries Latvia and
Lithuania have had highest performances. Moldavia and Armenia received
good marks. The rest received ‘satisfactory’ marks (Azerbaijan,
Estonia, Georgia and Uzbekistan). Ukraine, Kazakhstan and Tajikistan
were estimated as having "weak results", while Kyrgiz Republic,
Russia and Belorussia as having "very weak results".

The report assessed the work of professional governmental agencies,
and not all countries have them. Among world powers no country has
received excellent marks. The work of China, which has attracted
a huge amount of investments within last decades, is considered
"weak", India’s efforts as "very weak". The U.S. is between "good"
and "satisfactory" levels.

The Austrian business agency was recognized as the best institution
to attract foreign investments. Dania, Sweden, Germany and Canada
also have showed good performances.

From: Emil Lazarian | Ararat NewsPress