IFC, a member of the World Bank Group, is helping the Former Yugoslav Republic of Macedonia meet its energy demands through long terms loans to private energy companies doing business in the country of two million people.
Modern infrastructure spurs economic growth, improves living standards, and can represent an opportunity to address emerging development challenges, including rapid urbanization and climate change.
It is also an area in which the private sector can make a significant contribution, providing essential services to large numbers of people, efficiently, affordably, and profitably. This is IFC’s focus: supporting private infrastructure projects whose innovative, high-impact business models can be widely replicated.
We help increase access to power, transport, and water by financing infrastructure projects and advising client governments on public-private partnerships. We mitigate risk and leverage specialized financial structuring and other capabilities. In FY14, our new commitments in this sector totaled $2.4 billion, or about 14 percent of commitments for IFC’s own account.