A total of US$11.1 million will go as investments in the Former Yugoslav Republic (FYR) of Macedonia from The International Finance Corporation (IFC)
IFC, a member of the World Bank Group, is the largest multilateral source of equity and loan financing for private sector projects in developing countries.
FYR Macedonia became a member of IFC in February 1993. IFC’s strategy for Macedonia includes providing technical and financial assistance to newly privatized companies and supporting capital markets development, foreign currency earning projects and small business development.
There are 3 areas where money should be spent in the coming period: support to the private sector, improved electricity supply and facilitated access to finances for micro, small and medium companies.
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