IFC Annual Report 2017 : Creating Markets
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), two institutions focused on private sector development, are leading our efforts to create markets and crowd in private sector investment in develop...
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| Format: | Annual Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/456851507282412413/IFC-Annual-report-2017-Creating-markets http://hdl.handle.net/10986/28479 |
| Summary: | The International Finance Corporation
(IFC) and the Multilateral Investment Guarantee Agency
(MIGA), two institutions focused on private sector
development, are leading our efforts to create markets and
crowd in private sector investment in developing countries.
For six decades, IFC has been at the leading edge of
mobilizing private capital for development, which will be
essential to achieve the Sustainable Development Goals. With
the knowledge that have accumulated over sixty years, IFC is
uniquely placed to give the private sector a central role in
financing and delivering development solutions. The scale of
this ambition, together with IFC’s objective of doing more
in the poorest countries, requires a new strategic
framework, based on new analytical and financial tools and
approaches, which IFC is now rolling out. In the FY17
context of strengthening growth and improving market
conditions in developing economies, IFC delivered a record
19.3 billion US dollars in financing to private companies in
seventy five countries. This year, IFC launched the world’s
biggest green-bond fund dedicated to emerging markets. In
FY17, sixty three percent of IFC’s advisory program was
delivered to clients in IDA countries and twenty percent in
fragile and conflict-affected areas, while twenty six
percent was climate-related. In addition, almost a third of
new advisory projects included a focus on gender impact in
project design. IFC continues to innovate beyond the
successful loan syndications and investments by IFC Asset
Management Company in private equity. Through strong
partnerships with the private and public sectors, IFC can
enhance its power to create markets and improve the lives of
millions of people. |
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