IFC Examines its Return to Greece, Vice President Says



IFC
International Finance Corporation (IFC), a member of World Bank Group, examines its investment return to Greece, Dimitris Tsitsiragos, Vice President of IFC, said on Tuesday during a meeting with the Federation of Hellenic Enterprises (SEV).

Tsitsiragos said that the IFC could focus on the financial sector, cooperating with banks and financial organizations offering funding access to small and medium-sized enterprises, commerce and infrastructure such as renewable energy sources and the logistics business. “The aim is to support export activity and the development of Greek enterprises in the wider region (Balkans, Middle East and North Africa), in order to undertake a leading role using the advantage of their geographical position,” Tsitsiragos stated.

SEV President Theodore Fessas said that gaining access to funding and liquidity was a basic precondition for the recovery of Greece’s economy, adding: “The presence of IFC in Greece confirms the investment interest that the country was presenting lately and highlights the need to create a full toolkit of funding solutions for Greek enterprises. IFC is a credible international organization and SEV was already working closely with them to take advantage of its services towards Greek enterprises.”

(source: ana-mpa)