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IFC Investments in Albania (selected)


Year
Project
Project
Cost*
(million USD)
IFC
Financing*
(million USD)
Project
Description
2004
Fushe Kruje
130.0
30.0
Rehabilitation and expansion of an existing cement company to create an integrated complex producing cement for the domestic market.
2003
Vodafone Albania
225.0
41.4
Loan to finance the second national mobile telephone operator to develop a nationwide cellular network.
2003
INSIG
10.0
5.5
Equity investment in the privatization of the country’s largest insurance company.
2001
ABA
5.0
2.5
Partial loan guarantee to increase the American Bank of Albania’s small and medium enterprise loan portfolio.
2001
Seament
60.0
15.0
Loan to provide for the rehabilitation, modernization, and environmental improvement of a cement production facility.
2000
NCBank
10.0
2.3
Equity investment for the rehabilitation and privatization of the National Commercial Bank of Albania.
1999
SEF FEFAD Bank
5.0
1.1
Equity investment in FEFAD Bank, which will provide lending to private-sector Albanian micro and small enterprises.
1998
SEF Eurotech
3.5
1.2
Loan to construct and equip a new cement bagging terminal.

* Project cost and IFC financing refer to amounts approved by IFC's Board.