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Tag: IFC

IFC Appoints New Regional Manager for the South Caucasus

Economy admin -
IFC has appointed Ivana Fernandes Duarte as its new Regional Manager for the South Caucasus. Based in Tbilisi, she will be overseeing operations in Armenia, Azerbaijan, and Georgia, IFC said today in a press release.

IFC’s DigiLab to Drive Digital Transformation of Financial Services in Europe and Central Asia

Economy admin -
IFC, a member of the World Bank Group, said it is supporting the digital transformation of financial institutions across Europe and Central Asia

Armenia, IFC officials discussed capital market development in Armenia

Capital market admin -
Armenian acting Deputy Prime Minister Mher Grigoryan had a meeting via video link with the Regional Vice President of the International Finance Corporation (IFC) Georgina Baker on Tuesday, the press service of the Deputy Prime Minister's office reported

IFC supports Inecobank to back Armenian smaller businesses AMID COVID-19 crisis

Banks admin -
IFC, a member of the World Bank Group, said it is providing a loan of $15 million to Inecobank to boost lending to Armenia’s micro, small, and medium enterprises (MSMEs), helping them address the challenges triggered by the COVID-19 outbreak

Cooperation with IFC allows businesses to develop key principles properly – Armenian vice-premier

Economy admin -
Armenian Vice Premier Mher Grigroyan received Tuesday a delegation headed by Georgina Baker, Regional Vice President of the International Finance Corporation (IFC)

IFC to help attract investments and empower women entrepreneurs in Armenia

Economy admin -
The World Bank Group, in partnership with the United Kingdom’s Good Governance Fund, is launching a new advisory program in Armenia to help the government implement reforms, attract foreign direct investment (FDI), and foster female entrepreneurship to spur business growth and job creation, International Financial Corporation (IFC) reported

agRIF cooperatief U.A. acquires 10% OF IFC and DEG shares in Inecobank

Banks admin -
Armenia-based Inecobank has announced the completion of the acquisition of IFC and DEG shares in Inecobank by agRIF Cooperatief U.A. agRIF is managed by Incofin Investment Management

Minister and IFC team discuss improvement of business climate in Armenia

Economy admin -
Armenia’s Minister of Economic Development and Investments Suren Karayan received today an IMF team led by Damien Shiels, a Global Product Specialist for the services sector in the Finance

IFC to help Armenia’s Inecobank hedge the U.S.-dollar interest-rate risk on its outstanding long-term borrowings

Banks admin -
International Finance Corporation, IFC, a member of the World Bank Group, is helping Armenia’s Inecobank engage in interest rate swap transactions

IFC arranges $140 million in financing to boost clean energy supplies in Armenia

Economy admin -
IFC, a member of the World Bank Group, said it has arranged a landmark $140 million financing package for the Vorotan Hydropower Cascade, one of Armenia’s main power generating facilities, to bolster the country’s supply of clean energy

IFC and International Academy of Business to help Armenian banks strengthen risk management systems

Banks admin -
IFC, a member of the World Bank Group, is partnering with IAB International Academy of Business to help Armenian banks strengthen risk management systems, so that they continue providing much-needed finance to businesses, amid the challenges in operating environment, IFC says in a press release

Inecobank named ‘Best Trade Partner Bank 2015’ by International Finance Corporation

Banks admin -
Inecobank CJSC was named "Best Trade Partner Bank" in 2015 at IFC’s 7th Global Trade Partners Meeting that took place in Milan

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US dollar exchange rate up by 0.14 points, while the euro falls by 1.37 points

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The average market exchange rate of the U.S. dollar to the Armenian dram at the end of January 23, 2024, amounted to 398.88 drams, having risen by 0.14 points compared to 22 January.

Armenia to receive 45.3 million euros from Asian Development Bank to improve healthcare quality

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Armenia will receive a EUR 45.3 million loan from the Asian Development Bank for the implementation of the ‘Health Care Quality Improvement Programme’. The Armenian government made a corresponding decision on Thursday.

Armenia’s banking system reports a profit of 363 billion drams in 2024

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The profit of Armenia's banking system for 2024 amounted to approximately 363 billion drams, according to the Union of Banks of Armenia (UBA).

Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

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