IFC doubles the volume of investments in Armenia

Mediamax, Armenia
Aug 26 2011

IFC doubles the volume of investments in Armenia

Friday 26 August 2011 16:48

Yerevan/Mediamax/. International Finance Corporation (IFC) doubled its
volume of investments in Armenia making up to USD70mln.

Head of Caucasus Regional Office of IFC Thomas Lyubek stated this at
the ceremony of awarding certificates to the participants of the
training on risk control, Mediamax reports.

Thomas Lyubek stated that the IFC financed the agricultural sphere for
the first time in cooperation with ACBA-CREDIT AGRICOLE BANK.

`Our forecasts regarding economic growth in Armenia are positive and
growth in the volume of investments is conditioned by them’, the head
of IFC said.

Congratulating the participants of the training, head of Financial
System Stability Department of Armenian Central Bank Andranik
Grigoryan said that it became obvious after the crisis that Armenia
needs risk control specialists.


From: Baghdasarian