IFC's performance in fostering economic opportunity in developing countries can be measured in many ways—our geographic reach is growing, and our development impact is increasing.
IFC's 2008 Annual Report provides a comprehensive picture of what IFC does, and how we are performing.
Doing Our Part, Improving Lives
Our new investments, including mobilization, totaled $16.2 billion in fiscal 2008, a 34 percent increase over the previous year. Our net worth at the end of FY08 was $18.3 billion, up by more than $4 billion from FY07.
Our development impact was strong. IFC's clients generated power for nearly 147 million customers and distributed water to 18 million during calendar year 2007. Our investments provided more than 700,000 jobs in the manufacturing and services sectors and helped spur more than $47 billion in local purchases of goods and services. We reached more microentrepreneurs than any other development finance institution, helping provide nearly 7 million microfinance loans.
The report highlights the impact IFC has on people, and it incorporates into each chapter stories of people who benefited from our work.
 For example, in Mexico, IFC helped make a student loan possible for Guillermo Banos, a young student. In Indonesia, thanks to IFC's work in expanding affordable credit, farmer Muhamad Nasir is able to bypass local loan sharks. And in Rwanda, Issac Murenzi is able to haul coffee to customers on a special bicycle he obtained through a lease-to-own program that IFC designed. |
Responding to Uncertainty
The Annual Report also shows that in a time of uncertainty in world markets, IFC has:
- Stepped up investments and advisory services in least-developed economies
- Responded swiftly to clients' needs
- Strengthened the foundation for sustainable private sector development across the globe
The report seeks to enhance IFC's accountability and to articulate our vision, core corporate values, purpose, and the way we work for a wide range of stakeholders—client companies, governments, partners, local communities affected by our activities, advocacy organizations, investors, and our staff.
Download
full report...
For more information, contact:
Corrie Shanahan
Manager, External Communications
Phone: (202) 473-2258
E-mail:
CShanahan@ifc.org
Published on October 1, 2008
