The past three decades of conflict in Afghanistan have not been kind to the farming communities in the fields and vineyards of Kandahar. A series of crises has made work almost unbearable for the farmers, who struggle to modernize their methods
Around the world, some 2.5 billion adults and 200 million small and medium enterprises lack access to adequate financing and capital. Considering the size of the challenge, achieving global financial inclusion will require not just hard work...
The EMENA region covers 50 countries presenting a diverse range of development challenges. The Western Europe sub-region covers an additional 21 countries.
Our priorities in EMENA are to reach more of the region's poor and vulnerable, create jobs, increase access to infrastructure, support agricultural development, and tackle climate change.
In fiscal year 2013, IFC commitments in the EMENA region reached a record $7.3 billion in 190 projects. Both sub-regions exceeded investment volume targets and advisory services spending targets. These results represent nearly a third of our total commitments worldwide. We also delivered important advisory services including microfinance, corporate governance, investment climate, and BusinessEdge in countries from Serbia to Kazakhstan, and from Afghanistan to Tunisia and Egypt.
IFC in Europe and Central Asia
In fiscal year 2013 (July 1, 2012 - June 30, 2013), IFC commitments totaled $4.4 billion ($3.2 billion from our own account; $1.2 billion in syndicated and parallel loans and funds mobilized from investors) spread across 130 projects, many in the region's poorest countries. Operating in the region most affected by the 2008-2009 crisis and the Eurozone crisis, we continued to carefully monitor and manage our investment portfolio.
In fiscal year 2013 (July 1, 2012 - June 30, 2013), IFC committed a record $3 billion in 60 projects across 13 countries ($2.09 billion from our own account; $914 million in syndicated and parallel loans and funds mobilized from investors), including $647 million for infrastructure. We have increased our focus on fragile and conflict affected states and we have an increased budget to facilitate greater engagement in those countries, especially Afghanistan and Pakistan.