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.
Corporate governance has been gradually emerging as a key business concept in the countries of southern Europe, in particular as countries in the region seek foreign direct investment and are progressing on the EU path
January 25, 2011 - The World Bank Group has announced that it is making $27 billion in funding available over the next two years for countries of Europe and Central Asia (ECA) affected by the Eurozone crisis.
Albania became a shareholder and member of IFC in 1991. Since then, IFC's investment in Albania totaled $803.5 million, including $334.7 million mobilized from our partners, in 27 projects across a variety of sectors. Our committed investment portfolio in Albania as of 30 June 2014 is $250 million. In fiscal year 2014, IFC invested $144.5 million in Albania, including $99.3 million mobilized from our partners. IFC’s advisory services in Albania aim to improve the investment climate, performance of private sector companies, access to finance, and to attract private sector participation in development of infrastructure projects.
IFC Strategy in Albania
Through a combination of investment and advisory services we will partner with clients in strategic sectors crucial for country’s long-term sustainable development, with a particular focus on:
Further improvements in business environment
Improvements in infrastructure sectors with larger participation of the private sector, including at the municipality level
Facilitation of private sector participation in a sustainable and “green” growth of the economy by investing in energy efficiency/renewable energy and cleaner production projects
Strengthening banks’ capitalization and providing specialized product for energy efficiency/renewable energy projects and micro, small, and medium enterprises, contributing to the development of microfinance institutions
Details of projects currently in progress can be found in IFC Disclosure. For completed projects see press releases below or visit the IFC Press Room.