IFC aims to help clothing firms capitalize on HELP Act
20 May '10
3 min read
Other recent IFC projects include structuring a public-private partnership for TELECO, which will significantly increase Haitians' access to telephone and high-speed Internet services. Viettel, Vietnam's largest mobile telephone operator, signed an agreement in April to invest up to $100 million, Haiti's largest foreign direct investment since the earthquake.
In addition, in February IFC invested $5.2 million in Eurasian Minerals Inc., a Canadian-based mining exploration company, to support the company's gold and copper exploration in Haiti. Eurasian currently provides employment to up to 800 workers in northern Haiti.
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives.