The energy sector remains one of the most important sectors for the Turkish economy. Energy generation, energy security, energy efficiency, and climate change mitigation are just some of the many facets influencing this dynamic sector as Turkish
Healthcare spending, which represents about 10 percent of global GDP, is rising faster than any other expense due to increasing demand for treatment, changing demographics and epidemiological trends, and advances in medical technology.
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.