Sub-Saharan Africa Commitments: 30 projects in 14 countries Total financing: $445 million for IFC's account IFC is working to address Africa's development through a combination of investment and technical assistance. IFC's new investments include a microfinance institution and a cement producer in Nigeria, a black economic empowerment transaction with a South African bank, and innovative funding for private schools in Ghana. Technical assistance is being delivered through the new Private Enterprise Partnership for Africa, a joint program with IDA at the World Bank, and other initiatives; the focus includes leasing, export promotion, reforms of business regulation, and helping companies respond to the challenges of HIV/AIDS. IFC also initiated several infrastructure advisory assignments this year and concluded a successful private concession for a port in Madagascar.		Europe and Central Asia Commitments: 67 projects in 15 countries Total financing: $2.4 billion ($1.9 billion for IFC's account) ($419 million in syndications) In the region's financial sector, IFC continues to be active in restructuring and privatizing existing institutions and in promoting the development of housing finance, leasing companies, and securitization. In infrastructure, the Corporation is emphasizing investments in the energy and transportation sectors and helping privatize utilities in potential EU accession countries. IFC is also expanding access to financing and business expertise for smaller enterprises, targeting strategic industries through building supply chains and access to markets, and working to improve the investment environment and strengthen corporate governance. Examples of investments in the region include vehicle leasing operations, a household appliance manufacturer, discount retail outlets, a gas distribution company, and hospitals.
	East Asia and the Pacific Commitments: 40 projects in 11 countries Total financing: $811 million ($72 million in syndications) ($740 million for IFC's account) IFC's focus includes deepening and diversifying the region's financial systems, strengthening corporate governance and environmental performance, and improving the climate for private investments in infrastructure. The year saw financial sector investments that support housing finance, leasing, and increased lending to smaller enterprises; in Malaysia, IFC became the first supranational to undertake a bond issue using Islamic finance. Infrastructure investments include a shipping firm in China and an electricity distributor in the Philippines that combines hydroelectric and photovoltaic power. The technical assistance work of IFC's four regional facilities includes innovative partnerships to establish more sustainable supply chains for industries in China and Indonesia.		Latin America and the Caribbean Commitments: 54 projects in 17 countries Total financing: $1.8 billion ($1.4 billion for IFC's account) ($385 million in syndications) IFC is emphasizing long-term financing to a wide range of corporates and investments with a broad impact on social and economic inclusion. This year IFC addressed underinvestment in infrastructure with projects in the energy and transportation sectors and continued to introduce structured finance and other innovative financial products in local capital markets. Committed projects ranged from major manufacturers, a wind power plant, and a university, to companies in the telecommunications, airline, port, and logistics sectors. Technical assistance is a rapidly growing component of IFC's work in the region, with a focus on privatization, streamlined business regulations, improved access to markets, more socially responsible enterprises, and stronger competitiveness for small businesses.
	South Asia Commitments: 20 projects in 2 countries Total financing: $643 million ($443 million for IFC's account) ($200 million in syndications) IFC invested in manufacturing companies to help them become internationally competitive, in tourism projects to help regional companies recover from the tsunami, and in water, power, and telecommunications projects to help sustain economic growth and improve the quality of life for communities. New investments include a port management company, a merchant hydropower plant, and emerging companies in pharmaceuticals, biotechnology, and IT outsourcing. IFC's SouthAsia Enterprise Development Facility continues its work to improve the business environment, strengthen providers of business services, and increase access to financing for smaller businesses.		Middle East and North Africa Commitments: 21 projects in 8 countries Total financing: $315 million With the launch of the Private Enterprise Partnership for the Middle East and North Africa, IFC increased its capacity to provide technical assistance throughout the region in addition to financing. The new facility is helping train Iraqi bankers, surveying corporate governance at banks in Lebanon, and promoting leasing in Afghanistan and Yemen. IFC's investment program this year encompassed the financial sector, manufacturing, oil and gas, education, agribusiness, and infrastructure. IFC is also providing infrastructure advisory services for irrigation in Morocco and an airport in Saudi Arabia. The Corporation provided its first-ever funding for a Murabaha facility, an Islamic finance product, and, as part of its own borrowings, launched a bond issue in Moroccan dirhams.