Publication: IFC and the European Union, Partners in Private Sector Development
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2024-03-19
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2024-03-19
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The European Commission (EC) is one of IFC’s most important development partners and currently supports IFC in many countries around the world. Between FY18-22, the EC had provided cumulative funding of over 164 million US dollars to IFC’s advisory services initiatives, as well as fifty-eight million in FY23 for the Small Loan Guarantee Program (SLGP). IFC’s relationship with the EC is far-reaching, including a number of areas focused on private sector development, fragile and conflict situations and upstream. IFC collaborates with EIB in the co-financing of the private sector in emerging markets. In 2018, EIB joined IFC and Amundi, Europe’s largest asset manager, as an anchor investor in the world’s largest targeted green bond fund focused on emerging markets, the Amundi Planet Emerging Green One. The fund is expected to deploy two billion into emerging markets green bonds over its lifetime, aiming to increase the capacity of banks to fund climate-smart investments, in these markets.
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“International Finance Corporation. 2024. IFC and the European Union, Partners in Private Sector Development. © World Bank. http://hdl.handle.net/10986/41204 License: CC BY-NC-ND 3.0 IGO .”
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