YEREVAN. – International Finance Corporation (IFC) granted $70 million to Armenia in the last financial year (July 1st, 2010 - June 30th, 2011), IFC reports. IFC is a structure of the World Bank, which is responsible for investments in the private sector. IFC made investments in 11 projects for the last year. Currently IFC investment Armenian portfolio is $102 million in the form of loans and capital investments in the financial system and economy.

The organization considerably increased loans for small and medium businesses, granting the banks with credit lines including agro-industry enterprises. 

Armenia is a member of IFC since 1995. So far IFC granted $147 million for 28 projects in Armenia. Besides the investments, IFC provides consultations for the private sector and the government in the areas of financial sector, stabile energy, and improvement of the investment climate.