No debate, the world must move to cleaner power sources. The private sector can push this transition to reality, and IFC can help address climate change in many ways, including finding new markets for proven technologies in wind and solar power
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.
Bulgaria became a member of IFC in 1991. Since then, IFC's long term finance investment in Bulgaria totaled $1,057.1 million, including $224.3 million in funds mobilized from our partners, in 42 projects across a variety of sectors. In addition, IFC has supported trade flows of $373.3 million through its trade finance program. Our committed investment portfolio in Bulgaria as of 30 June 2016 is $272.5 million. In fiscal year 2016, IFC invested $101 million in Bulgaria.IFC’s role in Bulgaria is changing in light of the country’s EU membership and the growing availability of private financing. IFC’s focus has centered on areas such as infrastructure, agriculture, and renewable energy. IFC also invested in the financial markets, general manufacturing, oil and gas.
IFC Strategy in Bulgaria
IFC's strategy in Bulgaria focuses on:
Investing in less developed regions as well as in the sectors and projects where private financing remains limited and our role is more prominent, including social and environmental issues.
Providing advisory services to develop public private partnerships in infrastructure with a special emphasis on water.
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.