Publication: IFC and Switzerland, Partners in Private Sector Development
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2024-03-19
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2024-03-19
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Switzerland is one of the largest development partners for IFC Advisory Services, mainly through Switzerland’s State Secretariat for Economic Affairs SECO. In FY19-23, Switzerland provided cumulative funding of over 173 million for Advisory Services and Blended Concessional Finance. Since 2014, SIFEM, the Swiss Development Finance Institution, has been a signatory of IFC’s Master Cooperation Agreement, which streamlines lending procedures for joint investments to ease financing to private companies in emerging markets. Since then, SIFEM has co-invested in several projects alongside IFC, and adopted the Operating Principles for Impact Management in 2019. Switzerland is providing ten million to support Ukraine’s small-scale farmers, who have been vital in feeding the population and safeguarding food security, as part of IFC’s two billion Economic Resilience Action (ERA) program. The Sustainable Cities Program supports sustainable infrastructure solutions in select cities in the Middle East, Eastern Europe, Sub Saharan Africa and Latin America. Belgrade Waste-to-Energy is a Public Private Partnership (PPP) that enabled the city of Belgrade in Serbia, to close the largest open dumpsite in Europe, construct a sanitary landfill, eliminate groundwater pollution sources and build a waste-to-energy plant.
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“International Finance Corporation. 2024. IFC and Switzerland, Partners in Private Sector Development. © World Bank. http://hdl.handle.net/10986/41217 License: CC BY-NC-ND 3.0 IGO.”
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