IFC and Audit Plus, a Kyrgyz partner consulting firm, have committed to help OJSC Kyrgyzaltyn, a state-owned mining firm, improve its corporate governance in the lead up to its initial public offering.
"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.
In Europe and Central Asia (ECA), we support private sector development focused on helping small and medium enterprises, developing capital markets, tackling climate change, boosting food security by supporting agribusiness, and increasing private sector participation in infrastructure. With continued euro zone volatility, IFC supports diversification and ensures access to basic goods and services to create opportunity for people to escape extreme poverty and promote shared prosperity.
In fiscal year 2014 (July 1, 2013 - June 30, 2014), IFC supported private sector development in Europe and Central Asia with $4.7 billion in 117 projects, including $1.2 billion in funds mobilized from our partners.
IFC also delivered a solid advisory program worth $40 million with a focus on projects in IDA countries, fragile and conflict-affected countries, and climate change.