Only 20% of firms in Eastern Europe and Central Asia have female top managers. IFC’s Corporate Governance Program in ECA promotes the business case for good CG practices and emphasizes business benefits of gender diversity on boards.
Across Europe and Central Asia, IFC is building a market for renewable energy that will ultimately provide clean power for millions of people, slash greenhouse gas emissions and create hundreds of jobs.
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.
Serbia became a shareholder and member of IFC in 2001. Since then, IFC's investment in Serbia totaled $2.1 billion, including $795 million mobilized from our partners, in 54 projects across a variety of sectors. Our committed investment portfolio in Serbia as of 30 June 2014 is $642.5 million. In fiscal year 2014, IFC invested $302.4 million in Serbia, including $215 million mobilized from our partners. IFC is focusing its investments services in Serbia on increasing access to finance by supporting the development of local financial institutions, especially ones that concentrate on small and medium enterprises and agribusiness, agribusiness and manufacturing. 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 Serbia
Through investment and advisory services we will continue to partner with clients in strategic sectors crucial for Serbia’s long-term sustainable development, with a particular focus on:
The 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 Serbia’s less-developed regions and in projects that contribute to greater economic diversification and regional integration.
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.