Our focus is on supporting competitiveness, market and regional integration and economic diversification, strengthening financial sector, mitigating demographic challenges and climate change.
Over fiscal year 2018, IFC invested $2.9 billion, including $639 million in mobilized funds, in 45 projects in Europe and Central Asia.
Of that figure, $1,5 million was directed to financial markets, $743 million to manufacturing and services, $430 million to infrastructure projects, $66 million to telecom and technology projects, and $48 million to public-private partnership projects. IFC also supported $1.8 billion of cross-border trade in the region through 28 banks participating in its global trade finance program. In addition, 18 new advisory projects were approved with a total value of $35.5 million.
Advisory work plays an important role in IFC's involvement in the region. We work with investment partners to build reliable supply and distribution chains through customized advice on better production and management practices to local suppliers and distributors. IFC also helps local companies improve their corporate governance, and environmental and social practices. We also collaborated with World Bank Group partners to deliver strong advisory work on investment climate, financial markets, and other crucial areas.