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 investment in Bulgaria totaled $1.04 billion, including $224 million in syndicated loans, in 44 projects across a variety of sectors. Our committed investment portfolio in Bulgaria as of 30 June 2013 is $250 million. In fiscal year 2013, IFC invested $120 million in Bulgaria, including $26 million of syndicated loans. 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 provides advisory services to Bulgaria’s Government to introduce public-private partnerships in the water sector.
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.