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.
The need for infrastructure improvements in the ECA region is critical. IFC helps increase access to basic services by financing infrastructure projects and advising client governments on public-private partnerships. IFC collaborates closely with other parts of the World Bank Group and the donor community in this work, and a significant part of IFC’s advisory work is supported by our donor partners.
Investment in infrastructure projects forms a key part of IFC’s institutional strategy. Our financial products include senior debt, subordinated debt, private equity, convertible and quasi-equity instruments, and partial risk guarantees. As of June 30, 2014, IFC’s infrastructure portfolio in Europe and Central Asia stood at $3.9 billion, including $1.5 billion in mobilized funds. In fiscal 2014 year (July 1, 2013 - June 30, 2014), IFC invested more than $565 million in infrastructure in Europe and Central Asia.
IFC’s infrastructure advisory services primarily counsel governments, including municipalities, on ways to engage the private sector in essential public services. IFC’s advisory work helps establish public-private partnerships through which governments can realize improved performance despite budget constraints, while benefiting from the private sector’s expertise, management, and finance. The focus is primarily on expanding access to public services such as power, water and sanitation, transport, and health.
Our infrastructure advisory program in ECA is supported by our donor partners: Austria, Norway and Switzerland.