Private sector development requires more than just finance. Experience shows the powerful role advisory services can play in unlocking investment and helping businesses expand and create jobs.
To help the private sector in emerging markets, IFC provides advice, problem solving, and training to companies, industries, and governments. Our experience shows that companies need more than financial investment to thrive—they need a regulatory environment that enables entrepreneurship, and advice on business best practices. Our work includes advising national and local governments on how to improve their investment climate and strengthen basic infrastructure. Governments account for around half of our advisory projects. We also help investment clients improve corporate governance and become more sustainable.
We offer advice through nearly 1,100 Advisory Services staff in 85 offices across 73 countries. Funding comes from donor partners, IFC, and client contributions. In FY11, advisory services project expenditures totaled $206.7 million. In all, 65 percent of project expenditures attributable to clients in individual countries went to IDA countries.