We help governments implement reforms that improve the business environment and help encourage and retain investment, thereby fostering competitive markets, growth, and job creation. Our priorities are to design and support regulatory reforms that support business and trade-friendly environments while also helping resolve legal and policy weaknesses that inhibit investment. At the end of FY11, IFC had an active portfolio of 132 investment-climate projects in 57 countries, valued at about $204 million. Our project expenditures totaled $55.9 million. In all, 79 percent of project expenditures attributable to clients in individual countries went to IDA countries and 25 percent to fragile and conflict-affected countries.