With central and eastern Europe at the centre of the financial crisis, attention will inevitably be focused on that region although the $3 billion fund’s strict guidelines mean that its portfolio will be diversified throughout the developing world. No more than 10% of the fund can be invested in any single bank; no more than 20% invested in one country; and no more than 25% invested in one region.
“Eastern Europe is probably the emerging region most affected by the crisis but several other countries will be impacted too,” says Jyrki Koskelo, vice-president for Europe, central Asia, Latin America and the Caribbean, and global financial markets at the IFC.
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