ArmInfo. The International Finance Corporation (IFC) has expressed its readiness to invest in the energy and transport sectors of Armenia. This was stated by Ivana Fernandez Duarte, Regional Director of the International Finance Corporation (IFC) in the South Caucasus, at a meeting with the Minister of Territorial Administration and Infrastructure of Armenia David Khudatyan. As reported by the press service of the Ministry of Territorial Administration of Armenia, the parties also discussed a number of other issues of mutual interest.
According to the source, during the meeting, David Khudatyan highly appreciated the programs implemented in the country with the support of IFC, aimed at developing the energy and transport sectors. Recall that the International Finance Corporation (IFC - a member of the World Bank Group) is the largest global development institution focused on the private sector of emerging markets. IFC works in more than 100 countries, using its capital, experience, and influence to create markets and opportunities in developing countries. In fiscal 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, harnessing the power of the private sector and mobilizing private capital to end poverty and boost shared prosperity. In Armenia, in 2016, IFC financed the privatization of the Vorotan hydropower complex, the reconstruction of the Yerevan Thermal Power Plant, and the Masrik Solar industrial-scale solar power plant. And in 2025, Ameriabank signed a long-term loan agreement with IFC for $200 million. According to the bank, these funds will be used to finance initiatives to prevent climate change, support micro, small, and medium enterprises (MSMEs), as well as women-owned MSMEs.