Moscow is famous for its heavy traffic, crowded streets and metro stations, intense life style, and beautiful green parks. One of the parks Muscovites are proudest of is Sokolniki, named after falconers who used to organize hunting activities for Rus
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.
In Dushanbe, Tajikistan's capital, Muhabbat Islomova runs a small firm producing decorative quarry tiles and pipes. In order to expand the business, she has in the past few years taken out several loans totaling $110,000 from IFC-client Access Bank
Boosted by a $1.3 million IFC loan, LLC Amiri began operations at its confectionary plant in Dushanbe, the Tajikistan capital, in 2011. Just three years later, Amiri leads the domestic market with a diverse product range of more than 40 chocolates.
Uzbekistan's financial sector lacks the skills and tools needed to serve the country's sizable agricultural market. But IFC's Central Asia Agri-Financing Project is advising local financial institutions and helping develop effective lending products.
In Europe and Central Asia (ECA), we support economic development by expanding access to finance, improving infrastructure, and tackling climate change through a mix of investments and advisory services. 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 2013 (July 1, 2012 - June 30, 2013), IFC committed $4.5 billion in 131 projects across 20 countries ($3.3 billion from our own account; $1.2 billion in syndicated and parallel loans and investor funds).
ECA Advisory Services helped governments reform business permits, inspections, trade regulations and tax-administration systems, helping reduce administrative costs for the private sector by over $52 million per year, significantly improving the region’s business climate.