For decades, many residents of Tajikistan’s remote rural areas had power for as few as three hours per day, undermining small business growth and job creation. But Pamir Energy is now providing round-the-clock renewable energy
Farming is crucial to the economies of Central Asia, yet the region's agricultural exports are limited due to poor infrastructure, regulations, and operational industry barriers, such as weak food safety standards.
The limited financial knowledge of Tajik consumers means more than 40 percent of the population spends all their income and accumulates debt. To break the cycle, IFC and the World Bank Group Finance and Markets Practice Group have developed a program
The Kyrgyz credit bureau Ishenim tracks the credit histories of more than 1.6 million businesses and people across the country. But due to a lack of legislation, it often receives incomplete and inaccurate information.
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.