Only 20% of firms in Eastern Europe and Central Asia have female top managers. IFC’s Corporate Governance Program in ECA promotes the business case for good CG practices and emphasizes business benefits of gender diversity on boards.
May 21, 2014 -- The World Bank Group has announced the winners of its essay competition to tackle youth unemployment in Bosnia and Herzegovina (BiH), where nearly 40 percent of people between the ages of 18 and 30 are neither working nor studying.
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.
Bosnia and Herzegovina became a shareholder and member of IFC in 1996. Since then, IFC's investment in Bosnia and Herzegovina totaled $378.8 million, including $23.1 million mobilized from our partners, in 45 projects across a variety of sectors. Our committed investment portfolio in Bosnia and Herzegovina as of 30 June 2014 is $116.2 million. In fiscal year 2014, IFC invested $700,000 in Bosnia and Herzegovina. IFC is focusing its investments services on increasing access to finance by supporting the development of local financial institutions, especially ones that concentrate on micro, small, and medium enterprises. IFC has also invested in the country’s health sector, municipal infrastructure, agribusiness, construction, and general manufacturing. IFC advisory services aim to improve the investment climate, performance of private sector companies, access to finance, and also to attract private sector participation in development of infrastructure projects.
IFC Strategy in Bosnia and Herzegovina
Through a combination of investment and advisory services we will continue to partner with clients in strategic sectors crucial for country’s long-term sustainable development, with a particular focus on:
Financial sector with a special emphasis on small and medium enterprises and energy efficiency lending
Climate change including investments in infrastructure and energy sectors
Agribusiness with an emphasis on food retail and manufacturing
Business infrastructure with a focus on logistics and distribution
Sub-national finance with a focus on municipal infrastructure and waste management
Health and education
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.