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.
- Manufacturing and services industries in developing countries average a 9 percent growth rate, three times as high as in higher income nations.
- Global Manufacturing & Services accounts for 30% of IFC's Cross Border investments as of FY07.
- Global Manufacturing & Services client companies in manufacturing and services employed 681,000 workers, as of 2007.
- Global Manufacturing & Services client companies paid $2.2 billion in taxes as of 2007, and purchased local goods and supplies totaling $46.2 billion. *
- Global Manufacturing & Services client companies earned $5.1 billion in profit from $110.2 billion in sales in 2007 representing a net profit margin of 4.6%.
- Global Manufacturing & Services's committed portfolio as of June 30, 2008 is $5.8 billion and includes 420 projects.
- 180 projects (45%) of GMS' portfolio are in IDA countries.
- In FY08, GMS' new commitments for IFC's own account reached $1.4 billion in 56 projects. In addition, $305 million was mobilzed through loan participations.
- Cross Border projects — in FY08, we signed 14 projects in 13 countries, totaling $323 million, and accounting for 25% of GMS' total commitments.
- IDA country projects — in FY08, we signed 21 projects in 18 IDA countries, totaling $370 million, and accounting for 38% of Global Manufacturing & Services's total commitments.
- Post Conflict projects — in FY08, we signed 4 projects in 5 post conflict countries, totaling $104 million, and accounting for 7% of GMS' total commitments.
- Manufacturing and services creates additional economic opportunity and indirect jobs.
