WASHINGTON, D.C., June 8 -- The International Finance Corporation (IFC) has approved a US$10 million agency credit line for the financing of small and medium-sized export-oriented private Slovenian companies. "Slovenian small and medium-sized companies are showing considerable vitality and bright prospects for export growth, but Slovenian commercial banks have only limited capability to serve the needs of these companies," said Edward Nassim, Director of IFC's Europe Department. "This credit facility will alleviate a major constraint on the growth of small and medium-sized enterprises in Slovenia." The IFC credit line will consist of a US$5 million portion for IFC's own account, and a US$5 million portion for the account of Banca di Credito di Trieste, a regional Italian bank with headquarters in Trieste. The local agent for IFC's credit line will be a Ljubljanska Banka d.d., Slovenia's largest commercial bank. IFC, a member of the World Bank Group, is the largest multilateral source of direct financing for p
rivate sector projects in developing countries.
