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Washington, D.C., August 3, 2009
—IFC, a member of the World Bank Group, has launched an interactive Web site demonstrating sustainable development results in oil, gas, mining, and chemicals industries and delivering up-to-date investment and advisory information to private sector clients, the interested public, media, and governments.
“This new site gives users a vivid picture of our progress in reducing poverty and providing financing to projects in developing countries,” said Somit Varma, IFC’s Global Head for Oil, Gas, Mining, and Chemicals. “We are showing, for instance, how an oil project in India has revived the local economy, how IFC’s financing supported a Russian producer of solar cell material, or how we assisted the health and safety program of a mine in Mozambique.”
The Web site is a subsection of IFC’s newly revamped home page and can be found at
www.ifc.org/ogmc
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Key features of the site include:
About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $15 billion in fiscal 2009, helping channel capital into developing countries during the financial crisis. For more information, visit
www.ifc.org
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