The manufacturing sector plays a vital role in creating opportunity and reducing poverty in developing countries. IFC’s manufacturing clients tend to create or maintain more employment than those in any other sector.
Over the years we have expanded our activities in the sector to include construction materials; energy-efficient machinery; chemicals and fertilizers; and solar and wind power. We invest in companies that are developing new products and markets, as well as those that are restructuring and modernizing to become internationally competitive.
We focus on clients that are—or can be—strong players in their local markets. In middle-income countries, we increasingly support local second-tier companies and cross-border investments. We also aim to play a strong role in developing local companies in the poorest countries. As these industries represent some of the most carbon-intensive sectors, we are helping clients develop and undertake investments that help reduce carbon emissions and energy consumption.