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IFC tracks the development results of all our active investments throughout their project lives. This systematic tracking allows us to monitor projects, learn from what does and does not work, and improve our performance. IFC discloses this information on a corporate basis to respect the sensitive nature of the information provided by specific clients.
To learn more about how IFC tracks development impact click here.
Some highlights from our oil, gas, mining and chemicals projects.
Development Reach ($ million)
| Indicator | Portfolio CY07 | Portfolio CY08 | New Business EST. FY09 |
| Employment | 118,681 | 125,910 | 19,035 |
| Female Employment | N/A | 18,278 | 4,692 |
| Payments to government | $9,808 | $11,545 | $205 |
| Local purchase of goods and services | $13,078 | $14,209 | $946 |
| Outlays for community development programs | $148 | $165 | $3 |
Development Outcome Score
Some examples that illustrate the development impact of specific IFC supported projects (information disclosed with permission from company).
Brief updates of key economic data for some IFC investments
Lonmin Platinum, South Africa
Cairn India, India
Dongyue Chemicals, China
Ahafo Gold Mine, Ghana
Melrose Resources, Egypt and Bulgaria
Expanded updates of key economic data for some IFC investments
Julietta Mine, Russia
South Africa Regional Gas, Mozambique and South Africa
Detailed update of key economic data for the Yanacocha gold mine in Peru
Yanacocha, Peru
IFC Extractive Industry clients commit to disclosing payments such as royalties, dividends, taxes, and signature bonuses which they make to their host governments. This reflects IFC’s, and IFC clients’, ongoing work in increasing transparency in the extractive industries sector.
IFC has developed a disclosure template that allows clients to clearly disclose their payments by type and regional/national splits. We actively encourage other institutions and companies to adopt the template to help in their own revenue disclosure efforts (click here to download).
The table below provides links to where IFC clients’ disclose their respective payments.
The projects fall into three categories: 1) those which currently disclose payments made to governments, 2) those which have not yet made payments to government but will disclose once they do, and 3) those that by the nature of their business do not make payments directly related to the extraction of natural resources.
The projects below represent IFC projects committed in 2007 and 2008. They do not include routine financial activities, such as rights issues, relating to existing clients. This information is updated on an annual basis during the month of August to reflect deals committed for the previous calendar year.
IFC oil, gas and mining clients that made significant government payments*
| IFC Financing committed in 2007 | Sector | Country | 2007 Payments | 2008 Payments |
| Cairn India | Oil & Gas | India | 2007 | 2008 |
| Maple Energy | Oil & Gas | Peru | 2007 | 2008 |
| Vostok | Oil & Gas | Russia | 2007 | 2008 |
| Melrose Resources | Oil & Gas | Egypt & Bulgaria |  | 2008 |
| IPR | Oil & Gas | Egypt | 2007 | 2008 |
| Lonmin | Mining | South Africa | 2007 | 2008 |
| Pan American Energy | Oil & Gas | Argentina | 2007** | 2008** |
| IFC Financing committed in 2008 | Sector | Country | 2008 Payments |
| ROCH | Oil & Gas | Argentina | 2008 |
| Salamander Energy | Oil & Gas | Asia | 2008 |
| BPZ Resources | Oil & Gas | Peru | 2008*** |
IFC oil, gas and mining clients that have not yet made significant government payments*
| IFC Financing committed in 2007 | Sector | Country | Description |
| Far East Energy Corporation | Mining | China | Early stage exploration |
| Simandou | Mining | Guinea | Early stage exploration |
| Aricom | Mining | Russia | Project evaluation |
| Lydian | Mining | Kosovo/Armenia | Early stage exploration |
| Kalukundi (Africo) | Mining | Democratic Republic of the Congo | Early stage exploration |
| IFC Financing committed in 2008 | Sector | Country | Description |
| Baobab Reources | Mining | Mozambique | Early stage exploration |
| Peru LNG | Oil & Gas | Peru | Project under construction |
IFC oil, gas and mining clients that by the nature of their business do not directly make significant payments related to the extraction of natural resources*
| IFC Financing committed in 2007 | Sector | Country | Description |
| QGOG | Oil & Gas | Brazil | Oil services provider |
| Schahin | Oil & Gas | Brazil | Oil services provider |
| Petronet | Oil & Gas | India | Liguified natural gasification terminal |
| IFC Financing committed in 2008 | Sector | Country | Description |
| Punj Upstream | Oil & Gas | India | Oil services provider |
Former IFC oil, gas and mining clients (no longer in IFC's portfolio)
| Company | Sector | Country | Description |
| Petrotesting | Oil & Gas | Colombia | Disclosed in 2007 |
| Kappa | Oil & Gas | Colombia | Disclosed in 2007 |
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