On October 11, 2008, Lars Thunell, IFC Executive Vice President and CEO, and Her Excellency Angela Maria da Graca Viegas Santiago, Sao Tome and Principe's Minister of Planning and Finance, signed the Articles of Agreement for Sao Tome and Principe to become IFC's 180th member country.
IFC's strategy in Sao Tome and Principe includes helping improve the investment climate, supporting small and medium enterprises, and proactively developing large projects.
Supporting development in Sub-Saharan Africa is one of IFC's key strategic priorities given the region's high concentration of low-income countries. In 2008, IFC made new investments of $1.4 billion and expanded our reach into smaller markets in coordination with World Bank Group efforts.
Read the related press release...
Published October 11, 2008
