Financial Products
The Czech Republic became a member of IFC in 1993 as a successor to Czechoslovakia, which joined IFC in 1990. Since then, IFC has invested nearly $403 million in 16 projects from IFC's own account and mobilized $250 million in syndications from other banks. IFC also contributed to privatization projects and supported the establishment of leasing and factoring operations in the country.
Advisory Services
In addition, IFC provided advisory services to the government and private institutions on corporate governance, privatization, restructuring, asset securitization, improvement of investment climate, and the building of links between foreign direct investors and domestic firms. More on advisory projects in the Czech Republic.
IFC's Changing Role
IFC’s role in the Czech Republic is changing in light of the country’s accession to the European Union and the growing availability of private financing. IFC will focus on the regions, sectors, and projects where IFC’s developmental role is crucial and for which private financing remains limited, emphasizing socially and environmentally sensitive sectors. More on IFC’s strategy in EU accession countries.
