Our focus is on boosting the green economy, increasing access to finance and promoting inclusion, improving competitiveness and connectivity, and helping sustain economies and protect jobs, especially amid the unprecedented COVID-19 crisis.

During its fiscal year 2020, IFC invested around $2,5 billion in the region, including $1.1 billion mobilized from other investors, driving the diversification of the region’s economies, promoting inclusion, tackling climate change, and helping to lessen the impact of the pandemic. IFC also supported $657.2 million of cross-border trade in the region through 25 banks participating in its global trade finance program.

Advisory work plays an important role in IFC's involvement in the region. Over fiscal year 2020, we implemented 74 advisory projects in the region, which focused on improving business regulations, working with the private sector to fight climate change and helping local companies improve their corporate governance, and environmental and social practices.

Focus Areas

  • Competitiveness and Economic Diversification

    IFC is investing and providing advisory services to enhance business climate and trade facilitation, develop competitive value chains, support technology-based and export-oriented companies; promote re-skilling and vocational education; help state-owned enterprises restructure and prepare for privatization; promote resource efficiency.

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  • Financial Sector

    IFC works to improve financial infrastructure, facilitate capital market development, support non-performing loan resolution, invest in micro, small and medium enterprises finance with a focus on rural development and women owned companies, digital finance and development of non-bank financial institutions.

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  • Climate Change

    IFC is supporting a sustainable recovery from COVID-19 and helping ECA rebuild better – working with countries to implement a green recovery that can stimulate economies and create jobs, while accelerating the green transition in a cost-efficient way. And as part of the World Bank Group’s new Climate Change Action Plan, IFC is intensifying its climate-relate work across sectors and regions, including ECA.

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  • Demographic Challenges

    IFC supports development of sustainable cities through PPPs and direct investments (urban transport, water and waste management, district heating); invests in healthcare and capital markets development to better intermediate savings.

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  • Market and Regional Integration

    IFC invests in infrastructure to improve cross-border connectivity, including roads, ports, information and communication technology, logistics, and energy.

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