Annual Report 2011 - Latin America and the Caribbean
The Latin America and Caribbean region accounts for the largest share of IFC commitments. In FY11, our commitments in the region totaled about $3 billion for our own account. We also mobilized an additional $2.2 billion. Advisory Services project expenditures amounted to $19.3 million.
We use our investment products and advisory services in the region to accelerate development by broadening access to finance, promoting infrastructure development, and helping the private sector generate productive jobs and deliver essential services to underserved segments of the population.
Our clients have generated significant development impact in the region. In calendar year 2010, IFC clients created almost 720,000 jobs. They made 3.4 million loans to small, medium, and micro enterprises totaling $45.3 billion. They distributed water and power to 9.7 million and 23 million customers, respectively, and provided phone connections to 11.5 million customers. Our clients reached nearly 168,000 farmers, more than 712,000 patients, and over 477,000 students.