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.