ACWA Power today welcomes (IFC), a member of the World Bank Group as a shareholder upon the formal closing of the private placement transaction of a new issue of primary equity shares representing a total investment amount of USD 100 Million
Jordan, a country long reliant on imported fuel, is set to transform its energy portfolio over the next few years, thanks to investment from IFC. The country has always had plentiful wind and solar resources but has struggled to harness these over
Afghanistan has one of the lowest rates of electricity usage in the world. Only 25 percent of its population is connected to the national grid and its national power utility, Da Afghanistan Breshna Sherkat (DABS), has struggled to provide sustainable
"The World Bank Group has elevated gender to become one of five cross-cutting solution areas across the entire organization, allowing us to maximize our impact on women by combining gender expertise from all parts of the group, including IFC."
The microfinance sector in Central Asia has been growing steadily for years, providing access to finance for millions of poor people and small businesses. But the sector has also shown signs of overheating.
Our priorities in EMENA are to reach more of the region's poor and vulnerable, create jobs, increase access to infrastructure, expand access to finance, support agricultural development, and tackle climate change.
We committed $6.9 billion to 179 projects in fiscal year 2014, representing nearly a third of IFC’s worldwide commitments
We delivered important advisory services in several areas, including microfinance, financial infrastructure, corporate governance, investment climate, food safety, and energy and resource efficiency.
IFC in Europe and Central Asia
In fiscal year 2014 (July 1, 2013 - June 30, 2014), IFC commitments totaled $4.7 billion in 117 projects, including $1.2 billion in funds mobilized from our partners.
In fiscal year 2014 (July 1, 2013 - June 30, 2014), IFC committed $2.2 billion, including $509 million mobilized from other investors, and an advisory program worth a total of $105 million spread over 96 projects.