Private sector development requires more than finance. Experience shows the powerful role advisory services can play in strengthening the development impact of IFC’s investments, unlocking investment by the private sector, and helping businesses expand and create jobs.
Companies need more than financial investment to thrive. They need a regulatory environment that enables entrepreneurship. They need advice on best business practices. Our work includes advising national and local governments on how to improve their investment climate and strengthen basic infrastructure. We help companies improve corporate governance, strengthen risk management, and become more sustainable - financially, environmentally, and socially.
We operate in 105 countries, with more than 660 active projects. Funding comes from donor partners, IFC, and clients. In FY13, advisory services program expenditures totaled $232 million, up from $197 million in FY12. In all, 65 percent of our program was in IDA countries, and 18 percent in fragile and conflict-affected areas.