IFC is ready to assist Armenia’s construction industryAugust 26, 2010 - 17:56 AMT PanARMENIAN.Net - IFC Executive Vice President and CEO Lars Thunell said that investments of the International Finance Corporation (IFC) in Armenia have considerably expanded, increasing from $5 million in 2009 to $35 million as of June 30, 2010. “It is a considerable growth, given the fact that we had been providing consultative assistance rather than financial until recent times,” said Thunell during his visit to Yerevan. He noted that the Corporation aims not only to maintain this level, but also to advance, dependent on programs meeting the IFC’s financing criteria. Mr. Thunell believes that, taking into consideration the amount of funds, which the Corporation is ready to invest in Armenia, as well as the interest displayed by the country’s private sector and government, the IFC’s activity in Armenia will be expanded. “We understand that Armenia’s real estate infrastructure and construction industry have been facing difficulties, and we hope that the situation will improve through our participation in programs,” he concluded. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |