IFC invests EUR 190.5 million in Serbia in fiscal year 2018

The International Finance Corporation (IFC), a member of the World Bank Group, invested USD 2.9 billion in the development of the private sector in Europe and Central Asia in the fiscal year 2018, of which the most in Turkey (USD 1.1 billion), Romania (USD 336.4 million) and Serbia (USD 190.5 million).

Some landmark transactions include EUR 108 million in financing to boost Serbia’s production of renewable energy through windfarms, USD 120 million in loans to increase the productivity of Ukraine’s agribusiness sector and a USD 75 million investment to support women entrepreneurs in Turkey, the IFC says in its press release.

IFC expanded its operations in Europe and Central Asia with investment commitments, driving the diversification of the region’s economies, promoting access to finance for small businesses and tackling climate change.

During the next fiscal year, the institution announces, IFC will continue to focus on high-impact projects that can help mitigate climate change, promote financial inclusion and create new jobs.

IFC

International Finance Corporation USA

Svetska Banka-WB Beograd

International Finance Corporation

IFC

investments in Serbia