IFC and the European Union, Partners in Private Sector Development
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Washington, DC: World Bank
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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.