Development Impact Resources
An additional 600 million new jobs will be needed by 2020 due to global population growth.
IFC partners with local financial institutions to increase access to finance for small and medium enterprises (SMEs) and to expand the breadth and depth of services banks provide to these firms. IFC has supported one of the largest private banks in a Latin American country (referenced in this executive summary as ìthe Bankî) through long-term loans that support the Bankís lending to SMEs.
IFC, a member of the World Bank Group, seeks to promote private sector led growth in order to support job creation and inclusive growth. In this context, an important priority of IFC in Lebanon is to support small and medium enterprises (SMEs).
The objective of this study is to develop an understanding of the relationship between access to finance for small and medium enterprises (SMEs) and job creation.
The study found encouraging job creation effects. The firms surveyed had, by themselves, created 2,650 jobs, between 2009 and 2012, implying growth in jobs of 12 percent. This was higher than the rate of growth experienced by the rest of the country. Of these, almost half the new jobs created went to women.
Attracting investment in Mongoliaóat least in non-extractive sectorsóhas been challenging, especially since the countryís economic downturn in 2011.
Development Impact: How We Work.
The IFC Development Goals, known as IDGs, are targets for key development outcome indicators that projects are expected to deliver during their lifetime.
Development impact is everyoneís business.
Survey of Well-being via Instant and Frequent Tracking
IFC invests in hotels and tourism because of the industryís strong development impact, particularly for low-income countries and fragile and conflict-affected states.
Restoring a Landmark to Former Glory
Creating jobs in a Nation of Atolls
Long-term partnership for development
Creating opportunities to improve skills and incomes through access to higher education
Uniminuto: Bringing entrepreneurship, innovation and jobs to marginalized communities in Colombia through tertiary education