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IFC, a member of the World Bank Group, and the Grand Duchy of Luxembourg announced a new partnership program to support economic growth and development in emerging markets.
Under the new Luxembourg-IFC Partnership Agreement (LIPP), Luxembourg will provide $8.65 million (€7 million) to IFC Advisory Services programs over the next four years. Luxembourg is considering several specific initiatives it may support under the partnership, including programs to help develop and strengthen capital markets, accelerate investment climate reforms, and build the capacity of small and medium enterprises.
“It is critical to establish the necessary conditions that will attract private capital allowing Luxembourg to respect its commitment within the deadline for...
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