IFC, a member of the World Bank Group, is helping the Former Yugoslav Republic of Macedonia meet its energy demands through long terms loans to private energy companies doing business in the country of two million people.
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.
FYR Macedonia became a shareholder and member of IFC in 1993. Since then, IFC's investment in FYR Macedonia totaled $401.8 million, including $181.7 million mobilized from our partners, in 21 projects across a variety of sectors. In addition, IFC has supported trade flows of $48.5 million through its trade finance program. Our committed investment portfolio in FYR Macedonia as of 30 June 2015 is $54.2 million. In fiscal year 2015, IFC invested $19.7 million in FYR Macedonia. Through the joint GPs and independently, IFC’s advisory services aim to improve the investment climate, performance of private sector companies, and to attract private sector participation in development of infrastructure projects.
IFC Strategy in FYR Macedonia
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 enterprise 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
IFC is focusing its investments services on increasing access to finance by supporting the development of local financial institutions, especially ones that concentrate on small and medium enterprises. IFC also invested in the energy sector, telecommunications and general manufacturing sectors.
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.