International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.
Regional Industry Director, Financial Institutions Group, Asia and Pacific
Stephanie Friedeburg
Vice President, Corporate Strategy and Resources
Mohamed Gouled
Vice President, Industries
Cheryl Hanway
Director
Saadia Khairi
Chief Risk Officer and Vice President
Rosy Khanna
Regional Industry Director for Financial Institutions in Asia-Pacific
Alfonso Garcia Mora
Regional Vice President for Europe, Latin America and the Caribbean
Vivek Pathak
Director and Global Head of Climate Business
Mary Peschka
Regional Director for Eastern Africa
Sergio Pimenta
Regional Vice President, Africa
Oumar Seydi
IFC Regional Director, Africa
Sarvesh Suri
Regional Industry Director, Infrastructure and Natural Resources
Dahlia Khalifa
Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone
Past deals in CIS
Ronesans Holding
Debt Financing in 2024
Ronesans Holding AS is a diversified company based in Ankara, Turkey, with a wide range of operations in construction, real estate development, energy, and health infrastructure. The company constructs various facilities, including shopping malls, offices, hotels, residential buildings, and industrial plants, alongside significant infrastructure projects such as bridges, tunnels, and power plants. Additionally, Ronesans engages in land development and investment activities. In the energy sector, the company operates ten hydroelectric power plants and is involved in electricity trading. Founded in 1993, Ronesans Holding has extended its reach beyond Turkey, with operations in several countries, including Russia, Turkmenistan, and Algeria, among others, reflecting its robust international presence.
TBC Bank Uzbekistan
Funding Round in 2024
TBC Bank Uzbekistan is a subsidiary of TBC Bank Group, specializing in digital banking services aimed at retail customers and small to medium enterprises. The bank focuses on providing a comprehensive suite of financial products, including money transfers, loans, deposits, and bill payments, all accessible through digital channels. By leveraging its parent company's expertise in digital transformation, TBC Bank Uzbekistan seeks to meet the increasing demand for modern financial services in the country, enhancing the customer experience with innovative online solutions.
Arnur Credit
Venture Round in 2023
Arnur Credit is a microfinance organization based in Shymkent, Kazakhstan, dedicated to supporting micro-entrepreneurs and small businesses. The company primarily focuses on lending to individuals and enterprises in the underserved agricultural sector of southern Kazakhstan. By providing accessible financial solutions, Arnur Credit aims to foster the development and growth of these businesses, promoting economic activity in the region.
Ipak Yuli Bank
Debt Financing in 2023
Ipak Yuli Bank is a private commercial bank located in Uzbekistan, offering a range of financial services to individuals, small and medium-sized businesses, and large corporations. The bank's operations encompass retail, commercial, and corporate banking activities, including loans, guarantees, deposit-taking, and securities operations. Additionally, Ipak Yuli Bank facilitates foreign exchange operations and money transfers. With a network of 16 branches and 36 express centers spread across eight regions of Uzbekistan, the bank aims to provide accessible and comprehensive financial solutions to its diverse clientele.
TBC Bank Uzbekistan
Venture Round in 2023
TBC Bank Uzbekistan is a subsidiary of TBC Bank Group, specializing in digital banking services aimed at retail customers and small to medium enterprises. The bank focuses on providing a comprehensive suite of financial products, including money transfers, loans, deposits, and bill payments, all accessible through digital channels. By leveraging its parent company's expertise in digital transformation, TBC Bank Uzbekistan seeks to meet the increasing demand for modern financial services in the country, enhancing the customer experience with innovative online solutions.
TBC Bank Uzbekistan
Venture Round in 2022
TBC Bank Uzbekistan is a subsidiary of TBC Bank Group, specializing in digital banking services aimed at retail customers and small to medium enterprises. The bank focuses on providing a comprehensive suite of financial products, including money transfers, loans, deposits, and bill payments, all accessible through digital channels. By leveraging its parent company's expertise in digital transformation, TBC Bank Uzbekistan seeks to meet the increasing demand for modern financial services in the country, enhancing the customer experience with innovative online solutions.
TBC Bank Uzbekistan
Venture Round in 2021
TBC Bank Uzbekistan is a subsidiary of TBC Bank Group, specializing in digital banking services aimed at retail customers and small to medium enterprises. The bank focuses on providing a comprehensive suite of financial products, including money transfers, loans, deposits, and bill payments, all accessible through digital channels. By leveraging its parent company's expertise in digital transformation, TBC Bank Uzbekistan seeks to meet the increasing demand for modern financial services in the country, enhancing the customer experience with innovative online solutions.
Yandex
Post in 2013
Yandex is a prominent Russian internet and technology company, recognized for operating the largest search engine in Russia. The company develops a variety of internet-based services and products, leveraging machine learning to enhance user experiences. Its offerings encompass transportation services, navigation products, mobile applications, online advertisements, and translation services. Yandex operates through several segments, including Search and Portal, E-commerce, Mobility and Delivery, Entertainment Services, and Classifieds. The Search and Portal segment, which provides services in Russia, Belarus, and Kazakhstan, is a significant revenue driver. Additionally, Yandex Türkiye focuses on the Turkish internet market, providing popular services such as swift search results, making it the most visited website in Turkey.
Nitol Solar
Venture Round in 2008
Nitol Solar is an international, vertically integrated company focused on the scientific development and manufacturing of products for solar energy generation. The company produces essential chemical components, including chlorine and hydrogen, at its facility in the Irkutsk Region of Russia. Nitol Solar aims to advance its value chain by converting these raw materials into trichlorosilane and solar-grade polycrystalline silicon. These materials are critical for the production of polycrystalline wafers, which are utilized in solar cells, thereby contributing to the global solar industry.
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