Mon, 7 July
26.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

IFC Invested $70 Million In Armenia In Past Fiscal Year

YEREVAN, August 26. /ARKA/. International Finance Corporation invested $70 million in Armenia in the fiscal year that ended on July 30, 2011, IFC Regional Director Thomas Lubeck said on Friday.

This is two times greater amount than that invested in Armenia in the previous fiscal year.

Lubeck told journalists that the IFC has enlarged its financial participation in Armenia’s economy.

He said the bulk of investments has targeted banking sector and small and mid-scale businesses, particularly agricultural.

The IFC regional director said that certain part of investments has been intended for development of risk management in local banks.

Armenia joined the International Finance Corporation in 1995. The IFC has invested $147 million under 28 programs since then. -0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Market capitalization increased by 39% in April over the year, exceeding AMD 462 billion – Armenian Stock Exchange

Stock market capitalization increased by 39% in April over the year, exceeding AMD 462 billion, the press service of the Armenia Securities Exchange (AMX) reported.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia’s Total Public Debt grows to over $13 Billion

Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.

LATEST NEWS

spot_imgspot_imgspot_img