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 |
FY191 |
|---|---|
| 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.
