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 long term finance investment in Serbia totaled $2.13 billion, including $794.7 million mobilized from our partners, in 52 projects across a variety of sectors. In addition, IFC has supported trade flows of $175.4 million through its trade finance program. Our committed investment portfolio in Serbia as of 30 June 2016 is $285 million. In fiscal year 2016, IFC invested $69 million in Serbia. IFC works with private sector clients, government, and civil society to bring the benefit of global expertise to the country through its advisory services and investment projects. IFC’s priorities in Serbia include agribusiness, climate change, and improvements in the investment climate. IFC is also focusing its investment services on increasing access to finance by supporting the development of local financial institutions, especially those that concentrate on SMEs. Across all sectors, IFC prioritizes investment in Serbia’s less-developed regions and in projects that contribute to greater economic diversification and regional integration. Through the joint GPs and independently, IFC’s advisory services aim to improve the investment climate and the performance of private sector companies, and to attract private sector participation in the 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.