WB to invest again in Poland

WARSAW, Mar 29 (Xinhua): The International Finance Corporation (IFC), the private-sector investment arm of the World Bank, is returning to investments in Poland with its offer of long-term loans designed to finance development projects, local press reported on Friday.

The IFC was active in Poland between 1993 and 2003, before the country received vast amounts of European funding following its EU accession in 2004.

Now the IFC will co-finance large projects worth at least US$25 million, including investments in municipal infrastructure.

The institution also aims to support entities operating in such sectors as education, private schooling, health protection, agriculture, the automotive industry and energy.