Green Forum • 3 March, 2025 at 9:17 PM
IFC, a member of the World Bank Group, and the Asian Infrastructure Investment Bank (AIIB) are investing €200 million in senior unsecured bonds to support infrastructure development in Romania, Bulgaria, and Poland.
The investment is directed toward a project issued by the Austrian bank KommunalKredit, with the goal of improving infrastructure and advancing the transition of these three countries toward a low-carbon economy.
IFC aims to foster economic growth, enhance infrastructure, and expand energy access. The initiative is expected to finance 10 projects with a total value of €600 million.
In Bulgaria, Poland, and Romania, renewable energy currently represents 14-19% of the total energy mix, falling short of the European Union's targets. IFC has been actively involved in infrastructure improvement projects across these countries for many years.