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Creating Opportunity Where It's Needed Most
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Europe, Middle East & North Africa
Big Changes for Small Businesses in Armenia
Government Implements Broad, Multifaceted Reform to Business Enabling Environment through World Bank...
Big Changes for Small Businesses in Armenia
Government Implements Broad, Multifaceted Reform to Business Enabling Environment through...
Unlocking Armenia’s Energy Future
“Energy is the key to life,” insists Tigran Parvanyan, IFC Project Manager for the Armenia Sustainable Energy Finance Project based in Yerevan.
IFC Energy Efficiency Expo 2011 Helps Armenia’s Businesses Become More Profitable
Over 40 Armenian companies showcased their products and services at the IFC-sponsored Armenia Energy Efficiency Expo 2011.....
Contact Information
9 Grigor Lusavorich Str.
Yerevan 0015, Armenia
Tel: +374 10 54 52 41/42/43
Fax: +374 10 545 245
Contact Representative:
Narine Hayrapetyan
NHayrapetyan@ifc.org
Yerevan 0015, Armenia
Tel: +374 10 54 52 41/42/43
Fax: +374 10 545 245
Contact Representative:
Narine Hayrapetyan
NHayrapetyan@ifc.org
IFC in Armenia
Armenia became a member and a shareholder of IFC in 1995. IFC began providing advisory services in Armenia in 1999 and investing in 2000. Since then, IFC has invested $168 million in 34 projects across a range of sectors, including financial markets, manufacturing and mining; and advised the government and companies on improving corporate governance, developing leasing and housing finance, and improving business regulation.
IFC Strategy in Armenia
IFC's strategy is part of the joint World Bank Group Country Partnership Strategy. IFC’s priorities here include supporting the development of small and medium enterprises to create employment opportunities, promoting energy efficiency to increase the competitiveness of local companies and mitigate climate change, and helping banks and companies overcome the consequences of the global financial crisis.
Through a combination of investment and advisory services, IFC is:
- Contributing to the growth of financial intermediation to expand access to finance to small and medium enterprises (SMEs);
- Helping tap Armenia’s renewable energy potential and increase energy efficiency in the economy;
- Promoting reforms to improve the business environment;
- Supporting sustainable business practices at local enterprises.
We are continuously looking for opportunities to build on the success of our advisory services programs and investments in Armenia, and to increase the availability of long-term debt funding and equity investments to local enterprises in the real sector and financial markets.
IFC Investment
IFC’s investment portfolio in Armenia is about $112 million of debt and equity investments in financial markets, general manufacturing, and mining.
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