IFC and Norway, Partners in Private Sector Development

International Finance Corporation (IFC) has an active relationship with Norway, including business development with Norwegian companies interested in investing in emerging markets, as well as donor-funded initiatives. As of June 2023, IFC had a long-term committed investment portfolio of 292 million dollars with Norwegian partners spread across several sectors and regions. Between FY19-23, Norway committed over 45 million dollars to support IFC Advisory Services. Norwegian funding contributes to improvements in the legislative business enabling environment through the Foreign Investment Advisory Services Facility (FIAS), the promotion of private sector development in fragile countries through the Africa Fragility Initiative (AFI), or the improvement of local health care services and the facilitation of locally manufactured vaccines through the global health platform (GHP). Norway has also partnered with IFC to advance gender equality and to foster investments in clean energy. IFC also collaborates with Norfund, Norway's Development Finance Institution, which seeks to develop and establish sustainable and profitable businesses in emerging markets