YEREVAN, February 11. /ARKA/. The IFC is planning to expand its consulting services in Armenia to improve investment climate while focusing on agro-industry, financial sector and renewed energy.

The IFC will also make efforts to increase its portfolio in non-financial sector while making investments in competitive segments like mining and agribusiness, IFC regional manager for the South Caucasus Thomas Liubeck told ARKA.

The Corporation makes investments and offers consulting in sectors, which are drivers of economic growth and new jobs, Lubeck said.

Since 1995 the IFC has invested a total of about $271 million under 44 projects in a number of fields, including finance markets and mining. The Corporation has been also providing consulting on sustainable energy, business regulations and food safety.

The IFC intends to continue its active investment policy in Armenia, the regional manager said.
Lubeck noted IFC’s current portfolio is $146.5 million in Armenia. Over the last fiscal year only, the Corporation invested about $33 million in the country.–0--