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International Finance Corporation. We promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people’s lives. Third Workshop Dialogue Norway-WBG 26 May 2005. Summary of Presentation.
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International Finance Corporation We promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people’s lives. Third Workshop Dialogue Norway-WBG 26 May 2005
Summary of Presentation Involvement of Norwegian Firms in IFC Projects since 1956 • Investment Projects • Norwegian Firms as Investors • Norwegian Firms Involved in Other Capacity • Norwegian Financial Institutions as Providers of Syndicated Loans (B-Loans) • Technical Assistance and Advisory Services
Investment Projects • Firms from Norway were involved in 37 committed projects with IFC, worth US$3.3 billion in TPC • As Investors (equity or loans) in 34 projects • Average Size of Norwegian Investor: • US$7.8 million • First Norwegian Investment: • Pulp and Paper (Rio Grande) in Brazil in 1971 (US$76 million TPC) • Largest Norwegian Investors: • Statkraft Anleg (US$25.1 million Equ.) and Eksportfinans (US$29.2 million Loan) in Hyfro-Power Generation in Nepal in 1996 • In some other capacity in the other projects: capital goods supplier, technical partner, etc.
Investment Projects Norwegian Firms have Participated in 78 Projects with IFC 16 15 3 3 Fiscal Year
Investment Projects Regional Distribution:
Investment Projects Norwegian Financial Institutions as Providers of Syndicated Loans (B Loans)
Technical Assistance and Advisory Services (TAAS) What they Provide • TAAS Programs fund feasibility studies, sector studies, capacity building, advisory services on privatization, and assessments of environmental and social impacts of investment projects • TAAS Programs are mostly funded by the international donor community, and implemented through 28 Donor Funded Operations (DFOs) managed by IFC from field offices & HQ How they are Funded & Implemented
Belgium-IFC Relationship • Good- Thank you for the Continuing Donor Support • Channels for Dialogue • ED’s Office • Annual Consultations • Corporate Relations/Investment Departments/Trust Funds Departments in Washington • Business Development Officers (BDO) in Field (Regional or Country) Offices • IFC’s Frankfurt Office • Suggestion? Private Sector Liaison Officer (PSLO) based in Norway?
Thank You For more info: Yves de ROSEE yderosee@ifc.org + 1. 202.458.4797