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The 2009 annual meeting of the International Monetary Fund (IMF) and the World Bank were held at Turkey's largest city of Istanbulis from Sept. 28 to Oct. 7. IFC has signed a $20 million loan and a $10 million equity investment with Koyo Ecological Agrotech Group Ltd. in support of its ammonia and urea plant in Dazhou City. The transaction is highly valued and recorded in “Significant Impact” in IFC Annual Report 2009. (For IFC Annual Report 2009, please visit http://www.ifc.org/annualreport)
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(Picture source:http://www.ifc.org/annualreport)
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(Picture from brochures delivered by IFC at the Meeting)
The above picture introduces about the cooperation between IFC and Koyo Group, and says, “Working with like-minded clients like Koyo is one way IFC meets its vision of creating opportunity for people to escape poverty and improve lives.”
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(Picture from brochures delivered by IFC at the Meeting)
It says: “After the earthquake, technical advice from Chinese fertilizer producer Koyo Ecological Agrotech Group Ltd supported recovery by Sichuan farmers like Guoping Zhang (above). IFC executive Vice President and CFO Lars Thurnell (inset) visited the Project to learn more about Koyo’s socially responsible business model. ”
Chairman Li Weituo and Board Secretary Mr. Zhong Tianming are invited by International Finance Corporation (a member of the World Bank Group) to attend the Annual Dinner. As the only representative of Chinese enterprises, Chairman Li felt honored and said, “Koyo is endeavored to be the One Stop Fertilizer Supplier, and shall keep working hard to provide best products and services to Chinese farmers”
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Chairman Li Weiruo with Director Karin M. Finkelston of IFC East Asia and Pacific Department
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