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Annual Report

Results by Region

We work with private sector clients in every region of the world, and in industries with the greatest potential to create opportunity and improve lives.

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Annual Report 2011 - Sub-Saharan Africa

IFC is supporting Africa's growth and increasing private investment with its second year in a row of investments over $2 billion. Direct investments and Advisory Services each reached 31 countries.

Sub-Saharan Africa continued its economic rebound from the global recession, with a strong growth rate of over 5 percent in 2010, and a 5.5 percent forecast for 2011. Financial institutions accounted for a significant share of our investments in FY11.  Important advances were also made in infrastructure sectors.

IFC supported innovative and significant projects through the Dakar Toll Road and the Lome Container Port. IFC Advisory Services project expenditures totaled more than $50 million during the fiscal year. Advisory Services played a key role in supporting our work with projects that have a positive impact on climate change. We also expanded our engagement in the region's fragile and conflict-affected countries—for example, in Cote d'Ivoire immediately after the electoral crisis—and scaling up programs in South Sudan in anticipation of the country’s independence.

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, by Region

($ millions, fiscal year ending June 30) FY111 FY101
IFC commitments 2,150 2,428
Loans 877 831
Equity 230 622
Guarantees and risk management 1,043 975
Mobilization Commitments* 589 1,067
Total commitments 2,739 3,496
Committed portfolio for IFC's account 5,900 5,156
Committed portfolio for Loan Syndications** 610 507
Total committed portfolio 6,511 5,663

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

** Including B-Loans and Agented Parallel Loans

1 Some amounts include regional shares of investments that are officially classified as global projects.

Development Reach

  New Business Portfolio
Expectations FY11 CY10 CY09
MSME Loans (number of loans) 475,988 241,547 292,406
MSME Loans (amount in $ million) 4,598 4,556 3,679
Power Generation (millions of customers) 0.00 6.6 7.3
Water Distribution (millions of customers) 0.00 0.0 2.16
Power Distribution (millions of customers) 0.01 1.1 2.1
Phone Connections (millions of customers) 0.9 58.7 46.6
Farmers Reached 60,000 261,448 269,528
Patients Reached* 0.0 815,568 150,296
Students Reached** 3,500 500,484 442,073
Employment 10,810 217,357 161,036
Domestic Purchase of Goods and Services ($ million) 36.2 3,114.7 2,803.7
Payments to Government ($ million) 726 2,716 1,739

* Patients Reached in CY10 include one client with 705,000 clients.

** Number of students includes students reached with IT services in universities (500,000 in both CY09 and CY10).

Largest Country Exposures in FY11: Sub-Saharan Africa

Committed Portfolio ($ millions)
Rank within Region Country FY11 FY10
1 Nigeria 1,008 704
2 Ghana 738 792
3 South Africa 674 545

Based on IFC's account, as of June 30, 2011.

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