World Bank Group

IFC, Renault-Nissan alliance support Russian auto parts makers, promoting economic growth

IFC, a member of the World Bank Group, and the Renault-Nissan Alliance are joining forces to provide advice and technical support to auto parts makers in Russia, part of an effort to foster economic growth across the country.

IFC and Renault-Nissan will help suppliers improve their corporate governance, modernize their production facilities, and conserve resources. That will help parts makers meet international manufacturing standards and ensure their businesses remain sustainable over the long term. It will also support economic diversification in Russia; parts makers are important sources of jobs and many operate in the country’s more remote regions.
 
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