Overview

IFC has been doing business in Europe and Central Asia since the 1970s and has invested a total of about $13.3 billion in over 650 companies.

In fiscal year 2007 (July 1, 2006 - June 30, 2007) IFC invested $1.8 billion in Europe and Central Asia, with the largest share of investments going to Russia and Turkey, both in IFC's top ten country exposures. These investments cover a wide range of sectors, including the financial markets, agribusiness, IT, manufacturing, infrastructure and retail. We continued to support small and medium-sized businesses through the financial sector and advisory services, and increased our investments in locally owned companies and in low-income regions. As of September 1, 2006, IFC's committed portfolio in Europe and Central Asia stood at $6.3 billion.

Advisory work plays an important role in IFC's involvement in the region. IFC works with its investment partners to build reliable supply and distribution chains through customized advice on better production and management practices to local suppliers and distributors. IFC also helps local companies improve their corporate governance, environmental, and social practices. In addition, IFC provides advice to national governments on improving business legislation and the overall investment climate.