IFC is launching a program to train microfinance practitioners in the Kyrgyz Republic and Tajikistan how best to mobilize savings and maintain risk management, thereby supporting economic growth in both countries.
IFC, a member of the World Bank Group, has supported a new award recognizing female entrepreneurs in Tajikistan, part of an effort to encourage the active participation of women in the country’s economy.
IFC is launching a project to increase access to finance for micro entrepreneurs. The project will help MFIs introduce new products, strengthen their operations and promote responsible finance, to expand the economy and create jobs.
In Europe and Central Asia (ECA), we support economic development by expanding access to finance, improving infrastructure, and tackling climate change through a mix of investments and advisory services. With continued euro zone volatility, IFC supports diversification and ensures access to basic goods and services to create opportunity for people to escape extreme poverty and promote shared prosperity.
In fiscal year 2013 (July 1, 2012 - June 30, 2013), IFC committed $4.5 billion in 131 projects across 20 countries ($3.3 billion from our own account; $1.2 billion in syndicated and parallel loans and investor funds).
ECA Advisory Services helped governments reform business permits, inspections, trade regulations and tax-administration systems, helping reduce administrative costs for the private sector by over $52 million per year, significantly improving the region’s business climate.