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International Finance Corporation (IFC) in Albania. 6 m ay 2014. International Financ Corporation 1956. International Association for development 1960 Provides concessional loans to governments of develop ment countries. International Bank for Reconstruction and Development 1945
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International Finance Corporation(IFC) in Albania 6 may 2014
International Financ Corporation 1956 International Association for development 1960 Provides concessional loans to governments of development countries. International Bank for Reconstruction and Development 1945 Provides loans to development countries with average incomes. Multilateral Agency for investiment guarantee 1988 Provides guarantees to foreign investors against the risk trade International Centre for Settlement investiment Agreements 1966 Provides disputes solution between foreign investors and the countries in which the investment is made. IFC is part of World Bank Group
Who is IFC and which it’s mandate • IFC have a special contibution in the development of economy in the counties that are part of World Bank • We invest, provide capital and offer advice for sustainable and comprehensive solution. • We create opportunity for people, improving their lives in development countries.
A valued partner in difficult times We help clients in the economic crisisperiod and offer : • Long-term partnership. • We provide prudent policies for risk management. • Share experience and provide experts to discuss difficult transactions.
IFC helps our customers in difficult times. How does this apply in practice. • We are close to our customers through our presence in the respective countries; • We support our customers with precautions to avoid risks; • Ensure participation of stocks, long-term financing and offer advisory services; • Maintain close relations with costumers based on the culture of our institution.
IFCstructure • IFC operates in 181 countries, member of the World Bank Group; • IFC is the main instrument of the World Bank Group for private sector development; • Collaborates with other members of the World Bank Group including (IBRD and IDA) and MIGA; • Has headquarter in Uashington, D.C. • It have more than 100 offices throughout the world, established in 81 countries
IFC in World 100+ countries and regional offices for counseling services Moscow Almaty Washington Istanbul New Delhi Cairo Mexico City Hong Kong Dakar Port-of-Spain Bogota Nairobi Johannesburg São Paulo Buenos Aires IFC Headquarter IFC Operations Office IFC Representative Offices
St. Petersburg • NizhnyNovgorod • Moscow • Minsk • Warsaw • Kiev • Vinnytsia • Bratislava • Nikolaev • Odessa • Zagreb • Belgrade • Bucharest • Almaty • Sarajevo • Bishkek • Sofia • Tbilisi • Skopje • Tashkent • Tirana • Istanbul • Yerevan • Baku • Khodjand • Dushanbe • Kabul IFC in Europe and centralAsia • IFC Regional Office • IFC Operations Center • IFC Representative Office 8
IFC strategyin Albania IFC strategy focuses on : • improving the business climate; • improvement of infrastructure sectors with the participation of the private sector, including local level; • Participation of private sector in building a sustainable economy in the sectors of efficiencyenergy, renewable energy, clean products, in solid waste management by minimizing climate change; • strengthening the banking sector that operates in the country, and • investment in different sectors, with priority to tourism, agro business, education, health.
IFC investment in Albania IFC portfolio in Albania is about 213 million dollars in the following areas : • Financial Market • Oil and gas • manufacturer sectors • telecommunication IFC is currently reviewing the possibility of investing in sectors: infrastructure, energy, logistics, tourism.
Investment that IFC provides • long-term loans • Loans and cooperation with local banks • Stock participating • Funds mobilization from third parties • Trade financing
Renewable Energy - Regional Program Intends to establish a comprehensive framework for the development of renewable energy projects with a focus on small hydropower(≤ 15MW). The program has 3 components :
Thank you! Elira Sakiqi Representative of IFC in Albania Street. Ibrahim Rugova, Nr. 34 Tiranë Tel: +355 4 2280 650/51 E-mail: esakiqi@ifc.org