IFC BRANCHES OUT IN GEORGIA AND ARMENIA
Trend
July 30 2009
Azerbaijan
The International Finance Cooperation (IFC) is branching out to
Georgia and Armenia, IFC Vice-President Jyrki Koskelo said at the
opening ceremony of the IFC office in Tbilisi.
The IFC, a member of the World Bank Group, considers Georgia and
Armenia as its long-term strategic partners and intends to expand
its activities through cooperation with the governments and private
sector of these countries, Koskelo said.
The Corporation intends to continue its advisory programs to reduce
impact of the global economic crisis, to improve the investment sphere
and apply corporate management, Koskela said.
The new office in Tbilisi, will cover Armenia along with Georgia,
Koskela added.
Despite the global financial crisis, the corporation decided to expand
its regional representations. "The new office in Tbilisi will enable
us to be closer to customers in Georgia and Armenia, to maximum use
resources and strengthen cooperation in the region," Koskela added.