Announcement of IFC Executive Vice President Heads Delegation to China on October 19, 1995

IFC EXECUTIVE VICE PRESIDENT HEADS DELEGATION TO CHINA WASHINGTON, D.C., Oct. 19, -- Mr. Jannik Lindbaek, Executive Vice President of the International Finance Corporation (IFC), will lead a delegation of IFC executives to China from 22 to 28 October, 1995. The purpose of the visit is to consult with government and industry leaders on initiatives to encourage non-state sector development, including joint ventures, township and village enterprises, and private enterprises. The delegation will visit Chengdu, Leshan, Shanghai, Suzhou, and Beijing. During their visit, the IFC delegation will meet senior members of the Chinese Government as well as banking officials and business representatives. China is one of the fastest growing countries for IFC investment. Total gross investments amount to US$486 million and aggregate project cost is over US$1.6 billion. The Corporation is focussing its efforts in four sectors -- general manufacturing, agribusiness, capital markets, and infrastructure. Accompanying Mr. Lindbaek will be Mr. Peter Cook, Director of IFC's Asia Department; Mr. Rauf Diwan, Divisional Manager, East Asia; and Mr. Rashad Kaldany, Divisional Manager, Capital Markets, Asia. Mr. Victor Yang, IFC's Regional Representative in Beijing, will also be joining the delegation. IFC is a member of the World Bank Group and is the largest multilateral source of equity and loan financing for private sector projects in developing countries. IBRD IDA IFC MIGA ICSID