Europe & Central Asia
IFC in Europe and Central Asia
- IFC has backed three wind farms in Croatia, boosting the country’s renewable energy capacity by nearly 50 percent and reducing import dependence.
- Uzbek poultry farmer Kattakul Kattakulov received a loan from IFC-client Hamkorbank to expand his business
- IFC’s $2 million loan will help Georgian Kvarlis Baga purchase additional facilities and more than triple its daily fresh milk production.
The World Bank Group aims to eradicate extreme poverty and increase shared prosperity through economic growth, inclusion, and sustainable development. In Europe and Central Asia, IFC furthers these objectives, with a strong focus on mitigating climate change and strengthening agribusiness and financial markets. We also work to support frontier regions, gender equity, and improved infrastructure and services.
Our long-term investments in the region totaled $2.6 billion in the fiscal year ended in June 2016, including more than $500 million mobilized from other investors.
The impact of IFC clients in the region in 2016:
|$57||BILLION IN LOANS TO MSMES|
|3||MILLION CUSTOMERS SUPPLIED WITH POWER|
A company or entrepreneur seeking to establish a new venture or expand an existing enterprise can approach IFC directly.
The investment proposal can be submitted to the IFC field office that is closest to the location of the proposed project.