Overcoming poverty and spurring sustainable growth in the poorest countries, especially in Africa, is one of the World Bank Group’s six strategic priorities.
The private sector can be a key driver of poverty reduction, economic growth and job creation, although vast numbers of people have yet to experience these benefits. IFC’s efforts in the poorest countries are designed to help the private sector expand its reach to those who need help the most—those living on incomes of less than $1-$2 a day. Our projects are having direct, tangible impacts: through expanded access to quality, affordable and life-prolonging medicine, increased availability of affordable consumer goods, enhanced economic opportunity, reduced unemployment, technology transfer and environmental improvements.
Our investments complement those of the World Bank’s International Development Association, a special loan and grant financing vehicle that fights poverty in the world’s poorest countries. IFC’s loan portfolio in the manufacturing and services sectors reflects a growing emphasis on attracting new investment to the world’s poorest nations.
WORLD BANK GROUP - IDA COUNTRIES
MANUFACTURING & SERVICES PROJECTS IN IDA COUNTRIES
