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IIC Annual Report 1996

The Corporation's results for 1996 reflect Management's successful implementation of the action plan drawn up in conjunction with the Board of Directors and approved by the Governors. In the two years that have gone by since adoption of the new strategy, the number of small and medium-size private companies that have received direct or indirect financial and technical support from the Corporation for their projects has doubled. The provision of advisory services to private sector companies and to the Multilateral Investment Fund was another important part of the year's operations. Such joint efforts exemplify the enhanced coordination and complementary action among IDB Group units that were established to fos- ter private sector development in the region.


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