Manufacturing clients tend to create or maintain more employment and generate more local purchases than any other sector.
- Manufacturing as a whole contributes 25 percent to the GDP of developing countries. Services contribute to a further 15 percent to their GDP.
- Manufacturing and services industries in developing countries average a 9 percent growth rate, three times as high as in higher income nations.
- GMS client companies in manufacturing and services employed 528,749 workers, as of December 2008, and paid $4.9 billion in wages.
- GMS client companies paid $4.3 billion in taxes as of December 2008, and purchased local goods and supplies totaling $32.7 billion.
- GMS client companies earned $4.9 billion in profi t from $70.5 billion in sales in 2008, representing a net profit margin of 7%.
- GMS’s committed portfolio as of June 30, 2009 is $6.4 billion and includes 407 projects.
- 170 projects (42%) of GMS’ portfolio are in IDA countries.
- In FY09, GMS’ new commitments for IFC’s own account amounted to $1,466 million in fifty-three projects. In addition, $468 million was mobilized through loan participations.
- South-South projects — In FY09, we signed three projects in three countries, totaling $66 million, and accounting for 23% of GMS’ total commitments.
- IDA country projects — in FY09, we signed 21 projects in an IDA country, totaling $554 million, and accounting for 38% of GMS’s total commitments.
- Climate Change mitigation projects - In FY09, we signed 19 projects with climate change mitigation components, representing 36% of the total number of GMS’ projects committed. These investments, in energy efficiency, renewable energy, recycling, clean technology and carbon sequestration, amounted to $225 million, representing a nearly 50% year on year increase from FY08.
- Manufacturing and services creates additional economic opportunity and indirect jobs, as supply chains and distribution networks deepen and expand.
