IFC Meeting Features Bulgarian Corporate Governance Models
A meeting of the International Finance Corporation (IFC) taking place June 17-26 has included a show of succesfull models of Bulgarian corporate governance.
The IFC, a World Bank Group member which brings together prominent banking and investment personalities from around the globe to explore private sector development, featured Maya Georgieva, Deputy Chair of the Supervisory Board of First Investment Bank, as the only representative of a Bulgarian company.
Invited by IFC to present the advantages of long-term cooperation with the international body, she outlined landmark corporate practices developed as a result of IFC recommendations.
Since Bulgaria became its member in 1991, the IFC, which works in cooperation with private entities in 100 countries across the globe, has invested BGN 1.12 B (EUR 0.56 B) into the Southeastern European nation. The organization's main goal in Bulgaria is to work toward the development of regions which only enjoy limited flow of investment and also to provide consultancy services on corporate governance.