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.
In 2008, IFC reinforced its support to Agrokor, a leading agribusiness and retail group in Croatia, with another €40 million loan with a goal to double production capacity at PIK Vrbovec and further develop farm productivity at Belje.
Croatia became a member and shareholder of IFC in 1993. Since then, IFC's investment in Croatia totaled $1,185.3 million, including $323.5 million mobilized from our partners, in 32 projects across a variety of sectors. In addition, IFC has supported trade flows of $23.4 million through its trade finance program. Our committed investment portfolio in Croatia as of 30 June 2015 is $223 million. In fiscal year 2015, IFC invested $56 million in Croatia. IFC's investments in Croatia have financed projects in the financial markets, renewable energy, general manufacturing, tourism, and agribusiness sectors.
Through a combination of investment and advisory services we will continue to partner with clients in strategic sectors crucial for Croatia’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
Across all sectors, IFC prioritizes investment in Croatia’s less-developed regions and in projects that contribute to greater economic diversification and regional integration.