Owned by 181 member countriesLocal: More than 100 offices worldwide in 81 countries
Total invesntment in Russia over $4bln, 170 prj, the second largest exposure globally
I am pleased to be here to speak more on the sustainable finance initiatives of IFC in the Europe and Central Asia region, which I supervise and talk more specifically on Our initiatives in RussiaOpportunities for Dutch companies
***Background on Dutch IFC cooperationSince 2000 the Netherlands supported six long term advisory services projects implemented by IFC. The Campina Dairy Improvement Project and the Russia Corporate Governance Project were the early successes of our cooperation. The Campina Dairy Improvement Project helped to build the supply chain around the Campina yogurt factory in Stupino. As a result local farms were able to increase milk yields by almost 40% (from 3.6 tons/cow to 4.9 tons/cow).The Russia Corporate Governance Project worked with over 1400 companies to improve the level of corporate governance in the country. The project helped to pass landmark legislation the National Code of Corporate Conduct Russias first-such guideline on corporate governanceThe IFC and the Netherlands have expanded our work together from Russia to Ukraine and to Central Asian states, and in multiple sectors such as leasing, regulatory simplification and housing finance. These projects have had considerable impact. Over 500 companies attributed better operations due to work with our projects. The clients received almost $350 million in additional investment. Eight laws or regulations to which the projects had contributed were adopted by governments.
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*CREATING OPPORTUNITY**This project solves two environmental problems at once: expensive waste disposal and expensive fossil fuels. *This project solves two environmental problems at once: expensive waste disposal and expensive fossil fuels. **