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52909: Local Innovation for Transformation Summary of Investment InformationProject Number52909 Company NameLocal Innovation for Transformation S.C.A. Date SPI DisclosedNov 5, 2026 CountryEast Asia and Pacific Region RegionEast Asia and the Pacific Projec
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The IFC, or International Finance Corporation, is a member of the World Bank Group and the world's largest development institution focused exclusively on the private sector in emerging markets. It provides investment, advisory services, and asset management to support private sector development and create jobs in developing countries. Established in 1956, the IFC works to mobilize private capital for projects ranging from small businesses to large-scale infrastructure, helping to reduce poverty and improve living standards.
IFC - International Finance Corporation (World Bank) - Our commitment to alleviating poverty and creating opportunity is reflected in our values: As a member of the World Bank Group,
IFC has two overarching goals:
End extreme poverty by 2030
Boost shared prosperity—in every developing country
Afghanistan’s infrastructure base remains severely underdeveloped after decades of conflict, with major gaps in transport, electricity generation and water systems. Connectivity projects linking Central and South Asia have been viewed as potential drivers of trade and economic stabilisation. However, limited fiscal space, sanctions-related financial isolation and weak institutional capacity significantly constrain infrastructure financing and private investment. Sustainable development will depend on improved governance frameworks, regional cooperation and gradual restoration of investor confidence.
Nr. of tenders: 28369 Nr. of grants: 3337 Nr. of donors: 494 Nr. of jobs: 53
Armenia has prioritised transport corridor upgrades, renewable energy expansion and digital infrastructure to enhance regional integration and competitiveness. Investments aim to strengthen Armenia’s role as a transit and services economy between Europe and Asia. The government has implemented regulatory reforms and sought foreign direct investment to modernise logistics and energy systems. Continued institutional strengthening and diversification beyond remittances and mining remain central to long-term resilience.
Nr. of tenders: 10758 Nr. of grants: 3051 Nr. of donors: 541 Nr. of jobs: 43
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