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The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed an establishment agreement with Peru’s ministry of foreign affairs, formally opening its new office in Lima.
The IFC office will provide investment and advisory services in support of private businesses in the Andean region.
The principal objective of the Lima office is to broaden and deepen IFC’s relationship with the countries of the Andean region, with special emphasis on Peru and Bolivia. The IFC office in Lima will provide a wide range of services, including targeted investment activities, structured finance, technical assistance and advisory services, and other support for private business.
The Lima office also serves as the headquarters for IFC’s Technical Assistance Facility for Latin America and the Caribbean (IFC Plus), which provides technical assistance and advisory services to support private sector development through improving the business environment, increasing the competitiveness of smaller businesses and broadening their access to finance, and enhancing local benefits from investments.