Publication:
IFC and Czechia, Partners in Private Sector Development

Loading...
Thumbnail Image
Files in English
English PDF (581.73 KB)
62 downloads
English Text (3.64 KB)
13 downloads
Published
2024-03-19
ISSN
Date
2024-03-19
Editor(s)
Abstract
IFC is actively exploring business opportunities with Czech companies interested in co-investments in emerging markets in partnership with the Czech Ministry of Finance. Czechia is a donor to IFC. In December 2022, the Czech Ministry of Finance signed a framework agreement with IFC to establish the Czechia-IFC Partnership Trust Fund, with initial contribution of one million to support IFC’s advisory and upstream activities in Ukraine under the Global Food Security Platform. This is the first Czech trust fund with IFC.
Link to Data Set
Citation
International Finance Corporation. 2024. IFC and Czechia, Partners in Private Sector Development. © World Bank. http://hdl.handle.net/10986/41219 License: CC BY-NC-ND 3.0 IGO .
Digital Object Identifier
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 Greece, Partners in Private Sector Development
    (Washington, DC: World Bank, 2023-09-01) 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. Working in more than 100 countries, IFC committed a record 43.7 billion in own-account investments and mobilization from third parties to private companies and financial institutions in developing countries in fiscal year 2023 (FY23). Between 2015-2020, at the request of the Greek government, IFC was authorized by its Board to make direct investments in Greece to restore investor confidence and act as a catalyst to mobilize private sector capital. IFC’s engagement in Greece ceased at the end of 2020. As of FY23, IFC’s long-term committed portfolio with Greek sponsors in emerging markets amounted to over twelve million, while IFC’s long-term committed portfolio in Greece stood at fifty-three million.
  • Publication
    IFC and Ireland, 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, Irish Aid, and Enterprise Ireland. In FY19-23, Ireland provided cumulative funding of over five million in support of IFC Advisory Services, of which close to two million was committed in FY23. To date, Irish funding has supported several strategic IFC initiatives aimed at promoting private sector development in emerging markets, including in conflict-affected states in Africa, as well as gender equality and inclusion. In September 2019, IFC listed its first Canadian dollar green bond on the Euronext Dublin, the first time IFC has listed a green bond on Dublin’s stock exchange. In October 2018, IFC and the Ireland Strategic Investment Fund (ISIF) signed a Memorandum of Understanding to work together to generate growth opportunities for Irish companies in emerging markets, with an initial focus on the food and agriculture sectors.
  • Publication
    IFC and Israel, Partners in Private Sector Development
    (Washington, DC: World Bank, 2024-02-01) International Finance Corporation
    IFC has a longstanding relationship with Israel’s Ministry of Finance and the Ministry of Economy and Industry. Israel’s Ministry of Economy and Industry contributed close to two million to IFC’s TechEmerge Health Program in India, Brazil and East Africa between FY16 and FY21. TechEmerge was launched by IFC in January 2016 in Tel Aviv to connect innovative proven technology companies from around the world with companies in emerging markets to conduct local pilot projects and build commercial partnerships. The goal of the TechEmerge’s Health program is to drive innovation to improve healthcare delivery and patient outcomes in emerging markets. IFC works closely with the Foreign Trade Administration at the Israeli Ministry of Economy & Industry on the organization of business development events. Since FY19, IFC has also been collaborating with Start-Up Nation Central, an Israeli non-profit in the innovation space, to explore business opportunities for Israeli start-ups in emerging markets. In 2019 and 2020, IFC held awareness raising events with Start-Up Nation Central to promote the Financial Times/IFC Transformational Business Awards, a premier program recognizing private sector companies that make a difference in addressing development challenges.
  • Publication
    IFC and Sweden, Partners in Private Sector Development
    (Washington, DC: World Bank, 2024-03-19) International Finance Corporation
    In FY19-23, Sweden provided cumulative funding of over 55 million through the Swedish International Development Cooperation Agency (SIDA) to support IFC Advisory Services. The MENA MSME 2.0 program is one of the Advisory Services programs Sweden has supported. It aims to improve financial inclusion and access to finance for micro, small and medium businesses with a particular focus on underserved groups in the countries of the Middle East and North Africa. SIDA also supports IFC’s innovative Managed Co-Lending Portfolio Program (MCPP) Infrastructure initiative, which channels funding into emerging market infrastructure for global institutional investors, through its guarantee instrument. Another flagship program supported by Sweden is the Green Bond Technical Assistance Program (GB-TAP), a multi donor-funded Advisory Services initiative managed by IFC that supports the issuance of green bonds in emerging markets.
  • Publication
    IFC and the United Kingdom, Partners in Private Sector Development
    (Washington, DC: World Bank, 2023-09-30) International Finance Corporation
    International Finance Corporation (IFC) partners with British multinationals and mid-sized firms that are interested in investing in emerging markets. As of June 2023, IFC had a long-term committed investment portfolio of over 3.6 billion dollars with British partners spread across several sectors and regions. The United Kingdom (UK) is currently the largest donor to IFC, contributing close to 393 million dollars in FY19-23 for advisory services and blended finance. IFC has a longstanding relationship with the UK’s Foreign, Commonwealth and Development Office (FCDO). IFC also collaborates with the Department for Energy Security and Net Zero on climate mitigation work, as well as with the UK’s development finance institution, British International Investment.

Users also downloaded

Showing related downloaded files

  • Publication
    Global Economic Prospects, June 2025
    (Washington, DC: World Bank, 2025-06-10) World Bank
    The global economy is facing another substantial headwind, emanating largely from an increase in trade tensions and heightened global policy uncertainty. For emerging market and developing economies (EMDEs), the ability to boost job creation and reduce extreme poverty has declined. Key downside risks include a further escalation of trade barriers and continued policy uncertainty. These challenges are exacerbated by subdued foreign direct investment into EMDEs. Global cooperation is needed to restore a more stable international trade environment and scale up support for vulnerable countries grappling with conflict, debt burdens, and climate change. Domestic policy action is also critical to contain inflation risks and strengthen fiscal resilience. To accelerate job creation and long-term growth, structural reforms must focus on raising institutional quality, attracting private investment, and strengthening human capital and labor markets. Countries in fragile and conflict situations face daunting development challenges that will require tailored domestic policy reforms and well-coordinated multilateral support.
  • Publication
    World Bank Annual Report 2024
    (Washington, DC: World Bank, 2024-10-25) World Bank
    This annual report, which covers the period from July 1, 2023, to June 30, 2024, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.
  • Publication
    Greater Heights
    (Washington, DC: World Bank, 2025-03-12) Iacovone, Leonardo; Izvorski, Ivailo; Kostopoulos, Christos; Lokshin, Michael M.; Record, Richard; Torre, Iván; Doczi, Szilvia
    Twenty-seven countries have reached high-income status since 1990. Ten of these are in the Europe and Central Asia region and have joined the European Union. Another 20 in the region have become more prosperous since the 1990s. However, their transition to high-income status has been delayed. These middle-income countries have found that the prospects for growth to high-income status have become even more difficult since the 2007–09 global financial crisis. This reflects partly a slowdown in structural reforms at home and partly the challenges associated with a deterioration in the global environment. The concern has emerged that many countries in the region may be caught in the middle-income trap, a phase in development characterized by a recurring deceleration in growth and by per capita incomes that are systematically below the high-income threshold. To ensure that these countries overcome the obstacles to growth and achieve progress toward high-income status, policy makers need to make the transition from a strategy driven largely by investment to a strategy that is supported by the importation and diffusion of global capital, knowledge, and technology and then to a strategy that complements these with innovation. The report Greater Heights: Growing to High Income in Europe and Central Asia relies on the 3i strategy described in World Development Report 2024—investment, infusion, and innovation—to propose policy options to assist middle-income countries in Europe and Central Asia in the effort to reach high-income status. Drawing on comprehensive empirical analysis, the report offers actionable recommendations that will enable policy makers to advance stronger economic growth across the region. Such a transition will require continued and sustained foundational reform to maximize the drivers of economic growth while pivoting to new transformative reforms to promote the development of more complex economic structures and institutions. These involve the need to discipline incumbents, boost the role of the private sector, strengthen the competitive environment, and reward merit. The emphasis on a strategy driven by innovation is also critically important for those countries that have already attained high-income status.
  • Publication
    Europe and Central Asia Economic Update, Spring 2025: Accelerating Growth through Entrepreneurship, Technology Adoption, and Innovation
    (Washington, DC: World Bank, 2025-04-23) Belacin, Matias; Iacovone, Leonardo; Izvorski, Ivailo; Kasyanenko, Sergiy
    Business dynamism and economic growth in Europe and Central Asia have weakened since the late 2000s, with productivity growth driven largely by resource reallocation between firms and sectors rather than innovation. To move up the value chain, countries need to facilitate technology adoption, stronger domestic competition, and firm-level innovation to build a more dynamic private sector. Governments should move beyond broad support for small- and medium-sized enterprises and focus on enabling the most productive firms to expand and compete globally. Strengthening competition policies, reducing the presence of state-owned enterprises, and ensuring fair market access are crucial. Limited availability of long-term financing and risk capital hinders firm growth and innovation. Economic disruptions are a shock in the short term, but they provide an opportunity for implementing enterprise and structural reforms, all of which are essential for creating better-paying jobs and helping countries in the region to achieve high-income status.
  • Publication
    Reserve Management Survey Report 2023
    (Washington, DC: World Bank, 2023-10-27) World Bank
    This survey report represents a collaborative effort between Reserve Advisory and Management Partnership (RAMP) and central banks worldwide to advance the understanding and practice of reserve management. The cooperation of all central banks involved is greatly appreciated, and we anticipate that the findings obtained from this survey will make a valuable contribution to the ongoing success and resilience of central bank reserve management.