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Annual Report

Results by Industry

Our leadership role in sustainable private sector development reflects a special advantage—the depth and breadth of expertise we have acquired over more than 50 years of helping emerging-market firms succeed and grow.

We provide our clients the right mix of capabilities to address their needs, delivering the best of what IFC has to offer.

Financial Markets

Sound financial markets are vital to development—they ensure efficient resource allocation, create jobs, and spur economic growth.

We focus on small and medium enterprises, microfinance, trade, and climate change, among others. IFC is a leading investor in microfinance. We create innovative products in insurance and supply-chain finance to reach the poor. We are rebuilding our investments in housing finance and are supporting capital-market development in light of the global financial crisis. The crisis underscored the need for IFC in financial markets. Small and medium enterprises, which account for more than half of employment worldwide, saw lines of credit reduced or eliminated. Investors shied away from capital markets. IFC stepped in to fill the gap.

To maximize our impact, we work with financial intermediaries to extend financial products and best practices to more businesses and microfinance entrepreneurs than we could on our own.

FY11 Development Outcome Scores

Numbers at the left end of each bar are the total number of companies rated.
Series 1Series 2

Project Financing and Portfolio

($ millions, fiscal year ending June 30) FY11 FY10***
IFC commitments 8,176 7,062
Loans 1,847 1,717
Equity 1,232 1,550
Guarantees and risk management 5,097 3,795
Mobilization Commitments* 2,357 3,177
Total commitments 10,533 10,239
Committed portfolio for IFC's account 19,657 16,573
Committed portfolio for Loan Syndications** 2,665 2,711
Total portfolio 22,321 19,284

* Including Loan Syndications (B-Loans & Parallel Loans & ALPs), Structured Finance, IFC Initiatives, and AMC, as applicable for this Industry Sector

** Including B-Loans, ALPs and Agented Parallel Loans

*** FY10 data has been revised to be consistent with IFC's FY11 re-organizational changes across Industry departments

Development Reach

  New Business Portfolio
Expectations FY11 CY10 CY09
SME loans ($ million) 49,120 127,822 101,322
SME loans (million of loans) 1.00 1.72 1.48
Microfinance loans ($ million) 13,727 12,615 10,794
Microfinance loans (million of loans) 24.69 8.02 8.45
Housing finance loans ($ million) 207 27,477 16,362
Housing finance loans (million of loans) 0.01 2.17 0.69

In many cases, results reflect also contributions from IFC Advisory Services.

Global Trade Finance Program Indicators

FY11 FY10 FY09 FY08 FY07
Guarantees ($ million)* / Number of transactions $4,623 / 4,699 $3,461 / 4,292 $2,376 / 3,707 $1448 / 2,153 $770 / 772
SME (by number of transactions)** 78% 83% 84% 84% 74%
IDA Countries ($ million) $2,440 (53%) $1,762 (51%) $1,219 (51%) $740 (51%) $411 (53%)
Africa ($ million) $931 (20%) $764 (22%) $635 (27%) $597 (41%) $378 (49%)
South-South (by number of transactions)** 43% 46% 45% 39% 35%
Total Trade Supported ($ million) $5,599 $3,971 $3,075 $1,877 $1,170

* Adjusted to reflect the historical exchange rate

** Methodology changed compared with the one used in previous annual reports. Percentages are now calculated using underlying transactions as units of measurement, as opposed to guarantees, which may comprise one or more transactions, as was the measurement used in past reports.

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