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Europe & Central Asia

The number of poor people in Europe and Central Asia is relatively small compared to other regions. Yet many are vulnerable, living just above the poverty line. IFC works in this region to increase competitiveness and economic diversification, expand financial access, improve regional integration, and mitigate demographic challenges and climate change.

IFC investments in FY19 totaled about $1.3 billion in this region, including $589 million mobilized from other investors. We invested $249.5 million in new financing for firms that adopted resource-efficient technologies.

FY19 Development Results

Numbers at the left end of each bar are the total number of companies rated.

Project Financing and Portfolio, by Region

Europe & Central Asia
$ millions, for the year ending June 30
Long-term investment commitments 745
Loans 599
Equity 95
Guarantees and risk management 52
Core mobilization* 589
Total commitments 1,335
Portfolio Exposure** for IFC's account 8,263
Committed portfolio for loan syndications*** 2,620
Total committed portfolio 10,883

* Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC, Other Mobilization by Decision, and Public-Private Partnerships (PPP) Mobilization, as applicable for this Region.
** Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments, (ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.
*** Including B-Loans, Agented Parallel Loans, MCPP Loans, Unfunded Risk Participations (URP), Credit Insurance Policies (CIP), and A-Loan Participations (ALPS).
1 Excludes individual country shares of regional and global projects.

Development Reach

Europe & Central Asia Portfolio
  CY17 CY18
MSME loans (# of loans)1 3,526,073 2,350,482
MSME loans (amount in $ millions)1 58,507 46,779
Power generation (millions of people) 3.11 2.9
Water distribution (millions of people) 0.1 0.1
Gas distribution (millions of people) 0.3 0.0
Power distribution (millions of people) 0.9 0.0
Phone connections (millions of people) 5.4 5.5
Farmers reached 40,622 74,477
Patients served 4,674,670 4,708,747
Students reached 16,834 17,675
Employment 389,280 400,821
Domestic purchase of goods and services ($ millions) 10,020 12,743
Payments to governments ($ millions) 2,920 1,539

1 Portfolio reach figures represent the micro, small, and medium outstanding loan portfolio of IFC's financial institution clients with MSME-oriented finance.

Largest Country Exposures

  Portfolio Exposure($ millions)1
Rank within Region Country FY18 FY19
1 Turkey 4,862 3,675
2 Romania 683 689
3 Greece 597 458

Based on IFC's account, as of June 30
1 Excludes individual country shares of regional and global projects.