Oct 4 (Interfax) - The managing director and executive vice president of the International Finance Corporation, the World Bank's private financing arm, will arrive in Russia on October 15. During his visit, Peter Woicke will hold a number of meetings with officials from the government and private companies, a source at the World Bank told Interfax. Woicke will look at the implementing of current projects in Russia, as well as discuss the IFC's plans regarding the country. The IFC's Moscow office confirmed that Woicke is expected to visit soon. A source told Interfax that the program of the visit will be quite extensive. Besides Moscow, Woicke is to visit a number of other Russian cities, including St. Petersburg, Nizhny Novgorod and Krasnoyarsk, he said. In Krasnoyarsk, Woicke will discuss the possibility of financing the privatization of mines by raising money from private investors under World Bank guarantees. The IFC's investment portfolio in Russia is currently about $300 million. About a third of this was provided to joint ventures. The IFC largely handles direct investment in Russia. One of the recipients of IFC financing has been the IKEA Group, which received a loan to build a chain of furniture stores in Russia.