Oil, Gas & Mining
Industries that can harness natural resources are vital for many of the world’s poorest countries. They are a key source of jobs, energy, government revenues, and a wide array of other benefits for local economies. In many countries, large-scale sustainable investments in this sector can produce large economic gains.
IFC’s mission in the oil, gas, and mining sector is to help developing countries realize these benefits. We provide financing and advice for private sector clients. We also help governments adopt effective regulations and strengthen their capacity to manage these industries across the value chain.
We support private investment in this sector, and we work to ensure that local communities enjoy concrete benefits. In FY13, our new commitments in the sector totaled $390 million, or about 2 percent of commitments for IFC’s own account.