IFC's Access to Finance Advisory helps increase the availability and affordability of financial services for individuals and micro, small and medium enterprises. Our priorities are to help our clients provide broad-based financial services to individuals (such as credit, savings, payments and insurance products) and to promote growth and employment generation by supporting sustainable lending to small and medium enterprises. We also help build the necessary financial infrastructure such as credit bureaus and collateral registries.
Building banks and nonbank financial institutions, with emphasis on banks that serve small and medium enterprises or provide microfinance, agriculture finance, housing finance, leasing, trade finance, insurance and sustainable energy finance.
Improving financial infrastructure such as credit bureaus, securities markets and collateral registries.
Improving the legal and regulatory framework to help develop and improve the enabling environment for increasing access to finance.
IFC delivers advice on access to finance mainly through our regional offices, with more than 130 dedicated staff members. We also coordinate these services with the World Bank to deliver policy advice and joint interventions.
At the end of FY11, Access to Finance Advisory Services had an active porfolio of 244 projects in 67 countries valued at almost $294 million. Our FY11 project expenditures totaled $63.3 million, 67 percent of which were in IDA countries and 10 percent in fragile and conflict-affected countries.