Annual Report 2011 - Europe and Central Asia
In Europe and Central Asia we continued supporting the region’s economic recovery by expanding access to finance, improving infrastructure, and tackling climate change through a mix of investments and advisory services.
In FY11, our commitments in the region totaled $4.3 billion, including $1.6 billion in syndicated and parallel loans and funds mobilized from other investors. Most of the commitments in the region were channeled to the banking sector to expand access to finance for businesses and individuals, with a focus on underserved countries and regions. Investments targeting the region’s poorest countries totaled $223 million in 33 projects.
IFC Advisory Services in Europe and Central Asia substantially expanded its climate change and agribusiness support programs. IFC trained hundreds of government inspectors and food producers on best international practices in food safety, helped local companies and banks improve corporate governance and strengthen their risk management practices, and supported governments in reforming business inspections, permits and tax administration systems.