NEW BUSINESS PORTFOLIO
Investment commitments reached $1.42 billion for 55 projects in 37 countries in FY08, and we mobilized an additional $360 million through syndications, sales of IFC loans, and parallel loans. By number of projects, 39 percent of new investments are IDA projects, and 13 percent are in frontier regions of middle-income countries. About 69 percent of our commitments were in building materials, forestry products, and the retail, hotel, and property sectors. Over the next five years, we expect that these new commitments will support about 70,000 jobs, contribute $810 million annually in tax revenues, and pay about $2.1 billion annually for local purchases.
PORTFOLIO
Our portfolio, with outstanding commitments of $5.81 billion in 420 investments, has been performing well. Some 20 percent of FY08 investments have an advisory component in such areas as corporate governance, cleaner production, business linkages, and HIV/AIDS. IFC’s sector experts continued outreach at conferences on retail and tourism and at other industry-specific events; this year we also cosponsored a seminar with Greek firms seeking to invest in emerging markets.
PROJECT FINANCING
Portfolio
| ($millions) | FY07 | FY08 |
| Financing committed for IFC's account | $1,375 | $1,418 |
| Loans | $1,180 | $1,267 |
| Equity | $179 | $148 |
| Guarantees and risk management | $16 | $3 |
| Loan syndications signed | $495 | $305 |
| Total commitments signed | $1870 | $1,723 |
| Committed portfolio for IFC's account | $5,210 | $5,811 |
Committed portfolio held for others
(loan and guarantee participations) | $1,696 | $1,689 |
| Total committed portfolio | $6,905 | $7,499 |
IFC's Own Account Commitments
| (financing in $ millions) | FY05 | FY06 | FY07 | FY08 |
| Number of projects | 48 | 44 | 46 | 55 |
| Number of countries | 24 | 22 | 26 | 37 |
| Financing for IFC's own account | $1,275 | $1,218 | $1,375 | $1,418 |
| Syndications | $635 | $404 | $495 | $305 |
