IFC has invested $3 billion in the fibers and plastic sectors in developing countries around the world over the past several decades. Ranging from resin production to garment finishing, the expansion of the sectors represent a powerful opportunity for developing countries. Global exports of textile and apparel products, the key segment of the fiber sector, total $500 billion, a 5 percent share of the world’s merchandise trade.
At a broad level, IFC’s investments are helping developing countries attract a portion of this booming global trade, thus stabilizing their economies, creating jobs, and reducing poverty. At the firm level, IFC’s global leadership in sustainability brings added value for clients, guiding them to understand the business case for raising social and environmental performance.
IFC financing and support are helping emerging market players grow and compete in regional and global markets. IFC investments are creating jobs, improving the environment, building markets, advancing technology, and transferring managerialknow-how. We play a critical global leadership role by ensuring that all of our projects set a strong example of environmental and social stewardship.
