IFC’s core mandates in Western Europe are to develop new business with clients, manage the relationship with European shareholders, and build strategic partnerships with regional stakeholders, including the European Union, international financial institutions, development finance institutions, international organizations, academia, civil society, and media on a wide range of development issues. As a member of the World Bank Group, IFC does not invest in Western Europe, but partners with regional companies, financial institutions and investors to co-finance projects in emerging markets.

IFC’s long-term commitments of $1.8 billion with regional sponsors in fiscal year 2020 supported projects in several strategic areas, namely access to finance, infrastructure, manufacturing, agribusiness and services, and disruptive technologies and funds. Thirty-four percent of these investments were in the world’s poorest countries.