Publication:
IFC and Austria, Partners in Private Sector Development

Loading...
Thumbnail Image
Files in English
English PDF (400.29 KB)
52 downloads
English Text (8.35 KB)
5 downloads
Date
2023-09-01
ISSN
Published
2023-09-01
Editor(s)
Abstract
Austria is a strong partner of IFC Advisory Services, especially in Europe and Central Asia (ECA). With the support of the Austrian Ministry of Finance, IFC has implemented successful projects to promote renewable energy generation and distribution, strengthen cleaner production, expand green finance and increase productivity in agribusiness. Austria has also supported programs aimed at improving the investment climate for private sector development. In FY19-23, Austria provided cumulative funding in support of IFC Advisory Services, most recently for the Austria-IFC Europe Climate Finance Program and the ECA Sustainable Upstream Infrastructure Platform.
Link to Data Set
Citation
International Finance Corporation. 2023. IFC and Austria, Partners in Private Sector Development. © World Bank. http://hdl.handle.net/10986/41239 License: CC BY-NC-ND 3.0 IGO.
Associated URLs
Associated content
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections

Related items

Showing items related by metadata.

  • Publication
    IFC and the Slovak Republic, Partners in Private Sector Development
    (Washington, DC: World Bank, 2024-03-19) International Finance Corporation
    IFC’s main government counterparts are the Ministry of Finance and the Slovak Export-Import Bank (Eximbank). In particular, the Ministry of Finance has been playing an active role in supporting the involvement of Slovak companies and technical experts in development through the launch of dedicated platforms that provide information on how to collaborate with IFC and, more broadly, with the World Bank Group. In addition, the Ministry of Finance established the Slovakia-IFC Partnership Trust Fund (SIPF) to support IFC’s advisory activities in manufacturing, agribusiness, information and clean environmental technologies, and energy and resource efficiency. The geographical priorities of the SIPF were the Western Balkans, the Commonwealth of Independent States, and Asia. Through the SIPF, the Slovak Republic provided over one million in support of IFC Advisory Services. The SIPF was closed after the funds were used.
  • Publication
    IFC and Canada, Partners in Private Sector Development
    (Washington, DC: World Bank, 2024-03-14) International Finance Corporation
    Canada has been an active member of the World Bank Group for over six decades through its thought leadership and financial support. Over the last ten years (2013-2023), IFC’s total financing in projects globally with Canadian clients and project sponsors totaled over 5.1 billion, of which 1.7 billion was IFC’s own account and 3.4 billion was in mobilization with other financing partners. The majority of funding was in oil, gas and mining, followed by electric power. Canada is one of IFC’s largest donors, supporting IFC’s investments and advisory services in all regions and across many sectors with a focus on climate, gender, agribusiness, and improving investment climate. Canada is a significant contributor to IFC's blended finance programs across all sectors and themes, in particular climate finance, with cumulative signed contributions of 702 million. Canada has also been actively supporting IFC Advisory Services with cumulative signed contributions 294 million as of June 30, 2023.
  • Publication
    IFC and Hungary, Partners in Private Sector Development
    (Washington, DC: World Bank, 2024-03-13) International Finance Corporation
    IFC’s main government counterparts are the Ministry of Finance of Hungary and the Hungarian Export-Import Bank PLC (Eximbank). In FY19-23, Hungary provided cumulative funding of ten million to the Hungary-IFC Partnership Trust Fund (HIPTF) II, of which seven million to support IFC advisory services and three million to support the 2030 Water Resources Group. As of June 2023, IFC has allocated 6.49 million of the HIPTF II funds to 16 active IFC advisory projects in Africa, Asia, Europe, and Central Asia. The HIPTF II is the second phase of the Hungary-IFC Partnership, which was established in 2014 with an initial twenty million contribution from Hungary and has delivered significant development results, supporting the energy, agribusiness, health, water management and ICT sectors across several regions in emerging markets.
  • Publication
    IFC and Germany - Partners in Private Sector Development
    (Washington, DC: World Bank, 2024-03-19) International Finance Corporation
    IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Germany’s development institutions are important partners to IFC. KfW Bankengruppe (KfW), which includes DEG, acts as a long-term co-lender in a variety of industry sectors, including agri-finance, microfinance and sustainable energy. DEG is amongst IFC’s most valued, long-standing partners. In FY19-23, Germany provided cumulative funding of close to 133 million to support IFC Advisory Services. This included support by the Ministry for Economic Cooperation and Development (BMZ) for food systems in Africa, PPP advisory and capital markets, as well as support by the Ministry for Economic Affairs and Climate Action (BMWK) for green finance.
  • Publication
    IFC and Finland, Partners in Private Sector Development
    (Washington, DC: World Bank, 2023-09-01) International Finance Corporation
    IFC and the Government of Finland have a track record of successful collaboration mostly in East Asia and the Pacific as well as Europe, focusing on energy efficiency, climate change, and innovation and technology transfers. In FY19-23, Finland provided cumulative funding of close to two million in support of IFC Advisory Services. In FY18, IFC and Finland expanded their collaboration to launch the Finland-IFC Blended Finance for Climate program. Finland contributed €114 million to the program to spur private sector financing for climate-change solutions, especially in low-income countries. IFC also partners with the Ministry of Employment and the Economy, the Ministry of Finance, as well as Finnfund, Finnvera and Business Finland.

Users also downloaded

Showing related downloaded files

  • Publication
    Media and Messages for Nutrition and Health
    (World Bank, Washington, DC, 2020-06) Calleja, Ramon V., Jr.; Mbuya, Nkosinathi V.N.; Morimoto, Tomo; Thitsy, Sophavanh
    The Lao People’s Democratic Republic (Lao PDR) has experienced rapid and significant economic growth over the past decade. However, poor nutritional outcomes remain a concern. Rates of childhood undernutrition are particularly high in remote, rural, and upland areas. Media have the potential to play an important role in shaping health and nutrition–related behaviors and practices as well as in promoting sociocultural and economic development that might contribute to improved nutritional outcomes. This report presents the results of a media audit (MA) that was conducted to inform the development and production of mass media advocacy and communication strategies and materials with a focus on maternal and child health and nutrition that would reach the most people from the poorest communities in northern Lao PDR. Making more people aware of useful information, essential services and products and influencing them to use these effectively is the ultimate goal of mass media campaigns, and the MA measures the potential effectiveness of media efforts to reach this goal. The effectiveness of communication channels to deliver health and nutrition messages to target beneficiaries to ensure maximum reach and uptake can be viewed in terms of preferences, satisfaction, and trust. Overall, the four most accessed media channels for receiving information among communities in the study areas were village announcements, mobile phones, television, and out-of-home (OOH) media. Of the accessed media channels, the top three most preferred channels were village announcements (40 percent), television (26 percent), and mobile phones (19 percent). In terms of trust, village announcements were the most trusted source of information (64 percent), followed by mobile phones (14 percent) and television (11 percent). Hence of all the media channels, village announcements are the most preferred, have the most satisfied users, and are the most trusted source of information in study communities from four provinces in Lao PDR with some of the highest burden of childhood undernutrition.
  • Publication
    The Journey Ahead
    (Washington, DC: World Bank, 2024-10-31) Bossavie, Laurent; Garrote Sánchez, Daniel; Makovec, Mattia
    The Journey Ahead: Supporting Successful Migration in Europe and Central Asia provides an in-depth analysis of international migration in Europe and Central Asia (ECA) and the implications for policy making. By identifying challenges and opportunities associated with migration in the region, it aims to inform a more nuanced, evidencebased debate on the costs and benefits of cross-border mobility. Using data-driven insights and new analysis, the report shows that migration has been an engine of prosperity and has helped address some of ECA’s demographic and socioeconomic disparities. Yet, migration’s full economic potential remains untapped. The report identifies multiple barriers keeping migration from achieving its full potential. Crucially, it argues that policies in both origin and destination countries can help maximize the development impacts of migration and effectively manage the economic, social, and political costs. Drawing from a wide range of literature, country experiences, and novel analysis, The Journey Ahead presents actionable policy options to enhance the benefits of migration for destination and origin countries and migrants themselves. Some measures can be taken unilaterally by countries, whereas others require close bilateral or regional coordination. The recommendations are tailored to different types of migration— forced displacement as well as high-skilled and low-skilled economic migration—and from the perspectives of both sending and receiving countries. This report serves as a comprehensive resource for governments, development partners, and other stakeholders throughout Europe and Central Asia, where the richness and diversity of migration experiences provide valuable insights for policy makers in other regions of the world.
  • Publication
    Economic Recovery
    (World Bank, Washington, DC, 2021-04-06) Malpass, David; Georgieva, Kristalina; Yellen, Janet
    World Bank Group President David Malpass spoke about the world facing major challenges, including COVID, climate change, rising poverty and inequality and growing fragility and violence in many countries. He highlighted vaccines, working closely with Gavi, WHO, and UNICEF, the World Bank has conducted over one hundred capacity assessments, many even more before vaccines were available. The World Bank Group worked to achieve a debt service suspension initiative and increased transparency in debt contracts at developing countries. The World Bank Group is finalizing a new climate change action plan, which includes a big step up in financing, building on their record climate financing over the past two years. He noted big challenges to bring all together to achieve GRID: green, resilient, and inclusive development. Janet Yellen, U.S. Secretary of the Treasury, mentioned focusing on vulnerable people during the pandemic. Kristalina Georgieva, Managing Director of the International Monetary Fund, focused on giving everyone a fair shot during a sustainable recovery. All three commented on the importance of tackling climate change.
  • Publication
    Remarks at the United Nations Biodiversity Conference
    (World Bank, Washington, DC, 2021-10-12) Malpass, David
    World Bank Group President David Malpass discussed biodiversity and climate change being closely interlinked, with terrestrial and marine ecosystems serving as critically important carbon sinks. At the same time climate change acts as a direct driver of biodiversity and ecosystem services loss. The World Bank has financed biodiversity conservation around the world, including over 116 million hectares of Marine and Coastal Protected Areas, 10 million hectares of Terrestrial Protected Areas, and over 300 protected habitats, biological buffer zones and reserves. The COVID pandemic, biodiversity loss, climate change are all reminders of how connected we are. The recovery from this pandemic is an opportunity to put in place more effective policies, institutions, and resources to address biodiversity loss.
  • Publication
    South Asia Development Update, April 2024: Jobs for Resilience
    (Washington, DC: World Bank, 2024-04-02) World Bank
    South Asia is expected to continue to be the fastest-growing emerging market and developing economy (EMDE) region over the next two years. This is largely thanks to robust growth in India, but growth is also expected to pick up in most other South Asian economies. However, growth in the near-term is more reliant on the public sector than elsewhere, whereas private investment, in particular, continues to be weak. Efforts to rein in elevated debt, borrowing costs, and fiscal deficits may eventually weigh on growth and limit governments' ability to respond to increasingly frequent climate shocks. Yet, the provision of public goods is among the most effective strategies for climate adaptation. This is especially the case for households and farms, which tend to rely on shifting their efforts to non-agricultural jobs. These strategies are less effective forms of climate adaptation, in part because opportunities to move out of agriculture are limited by the region’s below-average employment ratios in the non-agricultural sector and for women. Because employment growth is falling short of working-age population growth, the region fails to fully capitalize on its demographic dividend. Vibrant, competitive firms are key to unlocking the demographic dividend, robust private investment, and workers’ ability to move out of agriculture. A range of policies could spur firm growth, including improved business climates and institutions, the removal of financial sector restrictions, and greater openness to trade and capital flows.