Europe & Central Asia Priorities
IFC's Priorities in Europe and Central Asia
OUR FOCUS IS ON HELPING SMALL AND MEDIUM ENTERPRISES, DEVELOPING CAPITAL MARKETS, AND INCREASING PRIVATE SECTOR PARTICIPATION IN INFRASTRUCTURE.
Over fiscal year 2016, IFC invested $2.7 billion, including $570 million in mobilized funds, in 57 projects in Europe and Central Asia.
Of that figure, $1,257 million was directed to financial markets, $709 million to manufacturing and services, $637 million to infrastructure projects, $36 million to telecom and technology projects, and $61 million to public-private partnership projects. IFC also supported $900 million in trade finance operations in the region through 27 banks participating in its global trade finance program. In addition, 13 new advisory projects were approved with a total value of $32 million.
Advisory work plays an important role in IFC's involvement in the region. We work with investment partners to build reliable supply and distribution chains through customized advice on better production and management practices to local suppliers and distributors. IFC also helps local companies improve their corporate governance, and environmental and social practices. Over fiscal year 2016, our advisory services programs facilitated financing totaling $751 million across the region, and enabled $2.3 million of private investment to be mobilized. We also collaborated with World Bank Group partners to deliver strong advisory work on investment climate, financial markets, and other crucial areas.