China-Belarus industrial park Great Stone, IFC to advance investment, credit cooperation

Monday, 06 August 2018 14:03  |  Written by  BelTA

The China-Belarus industrial park Great Stone and the International Finance Corporation (IFC) intend to discuss investment and credit cooperation, BelTA learned from the industrial park's website

The China-Belarus industrial park Great Stone and the International Finance Corporation (IFC) intend to discuss investment and credit cooperation, BelTA learned from the industrial park's website.

The IFC's Regional Manager for Ukraine, Belarus, and Moldova Jason Brett Pellmar and the head of the IFC representative office in Belarus Olga Shcherbina visited the China-Belarus industrial park Great Stone and met with SZAO Industrial Park Development Company CEO Hu Zheng and the head of the industrial park administration Alexander Yaroshenko. The sides discussed common matters and prospects of cooperation and expressed interest in establishing a partnership.

On his first visit to the industrial park Jason Brett Pellmar mentioned interest in advancing cooperation with Industrial Park Development Company, with resident companies and investors. He also suggested joint measures and events for the sake of promoting the industrial park.

The sides agreed to sign a memorandum of understanding soon and get down to concrete matters of investment and credit cooperation. The International Finance Corporation is part of the World Bank Group. The IFC is the largest global development institution focusing on supporting the private sector in developing-market countries. The IFC cooperates with over 2,000 businesses across the globe. In the 2018 fiscal year the IFC provided record high long-term financing to the tune of $23.7 billion in developing countries.

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