IFC invests $80 million in Armenia’s private sector developmentJuly 25, 2012 - 21:27 AMT PanARMENIAN.Net - International Finance Corporation (IFC), a member of the World Bank Group, supported private sector development in Armenia by investing a record $80 million in the country during the last fiscal year while advising companies in areas from energy efficiency to food safety. IFC invested in six projects that helped local banks extend lending to smaller businesses and agricultural companies, key drivers of the Armenian economy. Other IFC projects focused on creating jobs, combating climate change and helping Armenian firms access international markets, IFC Armenia Office press service reported. “In the last few years we have increased our support to Armenia to help address the consequences of the global economic crisis,” said Thomas Lubeck, IFC Regional Manager, South Caucasus. “We will continue supporting small and medium enterprises, promoting energy efficiency, and helping banks address the impact of economic uncertainty in European financial markets.” Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |