IFC and Spain, Partners in Private Sector Development

International Finance Corporation (IFC) partners with multinationals and mid-sized firms that are interested in investing in emerging markets. As of June 2023, IFC had a long-term committed investment portfolio of close to 2.9 billion dollars with Spanish partners spread across several sectors and regions. In FY19-23, Spain provided cumulative funding of over 7 million dollars to support IFC Advisory Services, including around 3.9 million dollars in FY23, for the replenishment of the Spain-IFC Technical Assistance Trust Fund (TATF). To date, the Spain TATF has funded a portfolio of 58 projects for 13 million dollars. The projects supported by the Trust Fund span all IFC regions with the largest allocations to Latin America and the Caribbean (24 percent), Middle East and North Africa (19 percent), and Europe and Central Asia (17 percent)