February 2010 -- The Europe and Central Asia region has been hit hard by the crisis, with private capital flows dwindling to $30 billion in 2009 compared to $258 billion in 2008. Tighter credit and tough economic conditions have put companies under
Since Poland joined IFC in 1987, IFC has invested $287 million and syndicated from other banks $67 million for various projects. IFC has provided financing for 33 projects in a wide range of sectors. In addition, IFC has provided $144 million to finance regional projects that covered several countries in Eastern Europe, including Poland.
IFC’s role in Poland is changing in light of the country’s accession to the European Union and the growing availability of private financing. IFC will focus on the regions, sectors, and projects where IFC’s developmental role is crucial and for which private financing remains limited, emphasizing socially and environmentally sensitive sectors.