Financial Products
Romania became a member of IFC in 1990. As of Decembere 2007, IFC has committed nearly $860 million of its own funds and has arranged over $279million in syndications to support projects in the financial markets, information technology, food and beverage, and general manufacturing sectors.
IFC partnered with EBRD to purchased equity stakes in BCR, the largest bank in Romania, in support of the bank’s upcoming privatization. IFC established an ongoing investment in Ro-Fin Mortgage Loan Company to provide critical long-term funding and more affordable mortgage credit. IFC invested in regional projects that benefit Romania, including Euromedic, a leading healthcare provider in Southern, Central and Eastern Europe.
Going forward, IFC will continue to support structural reforms for private sector development in Romania. IFC will attract private sector investment in infrastructure and social projects. We will support SMEs by attracting venture capital finance and strengthening the banking sector, and will continue to invest in regional projects that benefit Romania. More on investments in Romania.
Advisory Services
Since advisory work began in Romania in 1994, the portfolio has included programs across all sectors, from banking to machinery production and health care, to large-scale privatization programs in infrastructure. IFC has also assisted the Government of Romania with enabling environment studies leading to progress in reform of the pension system and the development of a secondary mortgage bond market. More on advisory projects in Romania.
IFC's Changing Role
IFC’s role in Romania 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.
