The EMENA region covers 52 countries presenting a diverse range of development challenges.
Our priorities are to reach more of the region's poor and vulnerable, create jobs, increase access to infrastructure, support agricultural development, and tackle climate change.
In fiscal year 2012, IFC commitments in the EMENA region reached a record $7.03 billion in 170 projects. Both sub-regions exceeded investment volume targets and advisory services spending targets. These results represent a third of our total commitments worldwide. We also delivered important advisory services including microfinance, corporate governance, investment climate, and BusinessEdge in countries from Serbia to Kazakhstan, and from Afghanistan to Tunisia and Egypt.
IFC in Europe and Central Asia
In fiscal year 2012 (July 1, 2011 - June 30, 2012), IFC commitments in the region totaled $4.16 billion in 114 projects in 20 countries, with $2.92 billion from our own account and $1.24 billion in syndicated and parallel loans, and funds mobilized from other investors. We stepped up support to markets vulnerable to the eurozone crisis and deleveraging by Western banks.
In fiscal year 2012 (July 1, 2011 - June 30, 2012), IFC committed a record $2.89 billion in 56 projects across 12 countries, with $2.21 billion from our own account and $668 million in syndicated and parallel loans, and funds mobilized from other investors. The new investments represent an increase of 21 percent over the previous fiscal year.