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IFC CEO Lars Thunell arrives in Azerbaijan

19 August 2008 10:03 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Lars H. Thunell, Executive Vice President and CEO of IFC, the private sector arm of the World Bank Group, has arrived in Azerbaijan.
The IFC Office in Baku said he will have meetings with representatives from the government and private sector.
Besides, an agreement on business environment development in Azerbaijan will be signed during his trip to Baku.
He came to Azerbaijan after visiting Kyrgyzstan and Tajikistan as part of the Central Asian tour.
Azerbaijan became a member of IFC in 1995. To date, IFC contributed more than $400 million to about 40 projects in the country. IFC has also implemented advisory projects in banking, corporate governance, leasing, SME development, housing finance, securities market development, investment promotion, and business environment.
The mission of IFC is to promote sustainable private sector investment in emerging markets, helping to reduce poverty and improve peopleâ€™s lives. IFC finances private sector investments in transition and developing countries, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to governments and businesses.