Thursday, July 27, 2006

IFC-SEDF to Help Small Hotels in Sri Lanka Access Markets Through Portal,

Press Contact: Leonard Cordiner
Email: email protected from spam bots
Phone: 61298161774
Website: will build four travel booking portals in Sri Lanka, working with the IFC affiliate, SEDF. The portals will be owned and operated by locals and will bring online a range of small accommodation providers who do not have a web presence till now.

Colombo, Sri Lanka (PRWEB) July 26, 2006 -- The International Finance Corporation’s South Asia Enterprise Development Facility and have signed a Memorandum of Understanding to set up four online accommodation booking portals in Sri Lanka as part of an initiative to develop sustainable tourism in the region that benefits local communities.

The mission of IFC is to promote sustainable private sector investment in developing and transition countries, helping to reduce poverty and improve people’s lives. IFC finances private sector investments in the developing world, mobilizes capital in international finance markets and helps clients improve social and environmental sustainability, and provides technical assistance and advice to governments and businesses. From its founding in 1956 through FY05, IFC has committed more than $49 billion of its own funds and arranged $24 billion in syndications for 3,319 companies in 140 developing countries. IFC’s worldwide committed portfolio as of FY05 was $19.3 billion for its own account and $5.3 billion held for participants in loan syndications. For more information, visit IFC.


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