The IFC is the commercial arm of the World Bank. It has played a significant role in raising finance for a variety of gold projects, notably in Africa. The IFC set up the long-term financing package for the reconstruction of the Ashanti mine in Ghana and for the Syama mine in Mali. Their first investment in Russia was a project loan for the Pokrovsky mine in the Amur region. More recently, the IFC agreed to provide project financing for the Sepon gold-copper mine in the Lao People's Democratic Republic, where production is expected to commence at the end of 2002.

IFC
2121 Pennsylvania Avenue, NW
Washington DC 20433
USA

Tel. + 1 202 473 7711
Fax + 1 202 974 4384
Web www.ifc.org

See also: Mining Finance, European Bank for Reconstruction & Development (EBRD)