IFC Annual Report 2006 : Increasing Impact, Volume 1
The International Finance Corporation (IFC), in its 50th year, is the largest provider of multilateral financing for private sector projects in the developing world. In fiscal 2006, it committed $6.7 billion in funds from its own account and mobili...
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| Format: | World Bank Annual Report |
| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/09/9655471/international-finance-corporation-ifc-annual-report-2006-increasing-impact-year-review-vol-1-2 http://hdl.handle.net/10986/7523 |
| Summary: | The International Finance Corporation
(IFC), in its 50th year, is the largest provider of
multilateral financing for private sector projects in the
developing world. In fiscal 2006, it committed $6.7 billion
in funds from its own account and mobilized an additional
$1.6 billion through syndications and $1.3 billion through
structured finance. Based on the total costs of the private
sector projects it helped finance this year, each $1 in IFC
commitments for its own account resulted in an additional
$2.88 in funding from other sources. Altogether, IFC
supported 284 investment projects in 66 countries. This year
nearly a quarter of IFC commitments were in low-income or
high-risk countries, demonstrating the viability of private
enterprise even in difficult environments. IFC's
investment commitments to firms operating in the Middle East
and North Africa more than doubled in fiscal 2006, and
commitments for private sector projects in Sub-Saharan
Africa increased nearly 60 percent. IFC introduced a new
development outcome tracking system for investment
operations to measure and track results throughout the life
of a project; a similar system was implemented to monitor
the development impact of all active technical assistance
and advisory projects. |
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