ARMENIA TO CONTINUE COOPERATING WITH IFC
ARKA
March 25, 2010
YEREVAN, March 25. /ARKA/. Tigran Sargsyan, Armenian prime minister,
and Snezana Stojkovic, International Finance Corporation director for
Central and Eastern Europe, decided Wednesday to continue cooperation,
Armenian government’s press office reports.
The premier expressed appreciation of IFC’s investments in Armenia.
The Armenian premier and the IFC director summarized the results of
already implemented programs and outlined future cooperation prospects.
They pointed out the necessity of consideration new ways to remedy
the situation crested by the global crisis.
They also discussed reformation of entrepreneurship and inspection
areas in Armenia.
Sargsyan stressed the importance of the world experience.
He singled out information technologies as top-priority area for
cooperation.
The premier finds in necessary to attract the IFC to venture funds.
Issues related to energy, processing of agricultural products and
creation of free economic zones were discussed at the meeting among
other issues.
Armenia’s Sargsyan and IFC’s Stojkovic stressed the necessity of
enlargement of the cooperation.
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 $47
million in 10 projects in Armenia since then.
The International Finance Corporation intends to provide extra $120
to 160 million to Armenia in 2009-2012 in loans or by participation
in private companies’ capitals.
From: Emil Lazarian | Ararat NewsPress
