In FY12, IFC invested a record $20.4 billion in 103 developing countries, reflecting a doubling of our annual commitments over the last five years. Those investments included nearly $5 billion mobilized from other investors. Our investments for our own account in Sub-Saharan Africa totaled $2.7 billion—nearly twice as much as five years ago. Our Advisory Services program expenditures grew to $197 million, up more than 50 percent over the last five years.
Our clients once again took full advantage of our investments and advice, creating real impact for the poor. IFC investment clients helped support 2.5 million jobs in 2011, and made 23 million loans totaling more than $200 billion to micro, small, and medium enterprises. Our Advisory Services helped 33 client governments introduce 56 investment-climate reforms, and conclude public-private partnerships that will improve access to basic services for more than 16 million people.
That is significant development impact, and we achieved it profitably. Our net income before grants to the International Development Association, the World Bank’s fund for the poorest, totaled $1.66 billion. Since FY07, we have contributed more than $2 billion of our income to IDA. In addition, we have invested more than $23 billion in IDA countries, nearly $6 billion of it in FY12 alone.