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Europe, Middle East & North Africa


Contact Information

Thomas Jacobs
Senior Country Officer
Tel: +961 1 987 800
TJacobs@ifc.org

IFC in Syria


Our Strategy

In light of the deteriorating security situation, IFC’s operational activity in Syria was suspended in March 2011.


IFC Advisory Services

Prior to the crisis, IFC was helping the Syrian government develop the Al-Nassarieh Independent Power Producers (IPP) project.

 

IFC Investments

IFC made its first investment in Syria in 2001 with a $1 million equity stake in a drip irrigation systems manufacturer. Since then, IFC has taken an equity position – now sold - in Bank of Syria and Overseas (BSO), the first private sector bank in the country. In addition, IFC provided a loan to a chemicals company and contributed equity to the First Microfinance Institution Syria. Our current committed portfolio is approximately $17 million. 

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