The International Finance Corporation (IFC), a member of the World Bank Group, provided a record $6.5 billion to 129 projects in Latin America and the Caribbean in fiscal year 2013 (ending on June 30, 2013). This includes $1.7 billion mobilized from other financial institutions. This is a 30 percent increase from FY12 when IFC committed $5 billion. In FY13, IFC commitments in LAC represent more than a quarter (26%) of IFC's total investments globally.
IFC’s investment and advisory projects in the region promote inclusive growth, regional integration, competitiveness and innovation by creating jobs, providing access to finance, generating tax revenues, and supporting good environmental and social performance.
Our investments from 2007 until 2013
IFC clients in Latin America and the Caribbean support about 2 million jobs. One in eight people in the region benefit from infrastructure projects supported by IFC. IFC financial sector clients provided 29 million loans valued at $217 billion to micro, small and medium enterprises. Of these, 23 million loans were for micro entrepreneurs, mostly women.
Supporting smaller economies continues to be a priority for IFC, with $1 billion invested in Central America and the Caribbean in FY13.