Across Europe and Central Asia, IFC is building a market for renewable energy that will ultimately provide clean power for millions of people, slash greenhouse gas emissions and create hundreds of jobs.
February 2010 -- The Europe and Central Asia region has been hit hard by the crisis, with private capital flows dwindling to $30 billion in 2009 compared to $258 billion in 2008. Tighter credit and tough economic conditions have put companies under
Russia became a member of IFC in 1993. Over the past 17 years, IFC’s investment in Russia totaled $10.1 billion, including $3.1 billion in syndicated loans, in 267 projects across a variety of sectors. Our committed investment portfolio in Russia is now $2.26 billion, the fourth-largest country exposure for IFC globally. Our investments support key sectors, including financial services, infrastructure, manufacturing, oil, gas and mining, telecommunications and information technologies, agribusiness, retail, and health care. Our advisory services focus on developing Russia’s renewable energy potential and helping companies become more resource efficient and competitive. In fiscal year 2012, IFC invested $1.2 billion in Russia, including $465.5 million of syndicated loans.
IFC Strategy in Russia
Through a combination of investment and advisory services we will continue to partner with clients in strategic sectors crucial for Russia’s long-term sustainable development, with a particular focus on:
Banking and Financial Services
Health and Education
Across all sectors, IFC targets investment in Russia’s less-developed regions and in projects that contribute to greater economic diversification. IFC also focuses on developing markets for energy efficiency and renewable energy through integrated investment and advisory programs.
IFC’s investment portfolio in Russia stands at $2.24 billion, which makes it the fourth-largest country exposure for IFC globally.