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IFC TO PROVIDE ENVIRONMENTAL RISK TRAINING FOR FINANCIAL INSTITUTIONS IN LATIN AMERICA


L. Joseph


WASHINGTON, D.C., March 14 -- The International Finance Corporation (IFC) is presenting a series of environmental seminars in Argentina, Brazil, Peru, Colombia, and Mexico from March 7 to 23, 1994. Organized by IFC's Latin America Capital Markets Division, the seminars will examine the environmental risks which financial institutions face and will present techniques for assessing and managing these risks. The seminars will be presented by Dr. Letitia Oliveira and Mr. Leo Johnson of IFC's Technical and Environmental Department. The four-hour workshops are designed to sensitize financial institutions to the issues of environmental risk management and to teach them to appraise the environmental aspects of projects. Seminars are being held in Lima, Peru (March 15), Bogota and Cali, Colombia (March 17-18), and Mexico City, Mexico (March 21-23). Successful seminars have already been held in Buenos Aires, Argentina, and Sao Paulo and Rio de Janeiro, Brazil. "We believe that these workshops will provide a valuable op
portunity to convey the importance of environmental risk management to IFC's present and prospective clients. These clients include some of the top financial institutions in Latin America," said Mr. Julio Lastres, Division Manager of IFC's Latin America and Caribbean Capital Markets Division. 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.