International Finance Corporation (IFC) is a new associate member of RES Serbia

IFC – a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. IFC work in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries.

In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.

IFC has decades of experience in financing, structuring, and leading complex energy transactions in emerging markets, with more than 50 gigawatts of energy generation financed to date. They are a leading financier of low-cost renewable energy – IFC has funded projects with a generation capacity of more than 8 gigawatts in hydropower, 4 gigawatts in wind energy, and 5 gigawatts in solar energy. IFC also finances transmission, distribution, storage, and other energy infrastructure.

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