Albania to benefit from USD 125mn fund of IFC, Swedish government.

By bne IntelliNews January 11, 2010
The country will be eligible to receive financial support from a newly established USD 125mn fund, created by IFC and the Swedish International Development Cooperation Agency (SIDA), according to IFC press release. The two organisations signed on Friday an agreement, which aims at supporting the trade in emerging economies of Central and Eastern Europe , affected by the negative consequences of the global financial crisis. This is the first facility within phase two of the IFC-led Global Trade Liquidity Program. Under this initiative more than USD 900mn funds have been disbursed in the past six months to support USD 2.2bn in trade transactions in emerging markets, the World Banks investment unit informed.

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335