IFC’s total commitments in Sub-Saharan Africa topped $5.2 billion in FY13, including nearly $1.8 billion mobilized from other investors.
Our work aims to promote sustainable, inclusive growth across the region. We build on the momentum in more successful countries, helping improve the investment climate and expand access to finance. In others, we help to put in place some of the essential building blocks of private sector development: basic infrastructure to support agribusiness and manufacturing competitiveness.
Our clients created more than 250,000 jobs in the region last year. They also reached 675,000 farmers, an increase of more than 70 percent from the previous year.
The region accounted for nearly 30 percent of IFC’s Advisory Services expenditures in the fiscal year, receiving $65.4 million.