IFC’s development impact is the long-term sustained effect of our interventions on people’s lives. In the context of the new WBG goals, this means ending extreme poverty and boosting shared prosperity. Underlying these two is a narrative on the fiscal, social and environmental sustainability of development. Sustained and broad-based economic growth, which helps reduce poverty and lift the living conditions of the poor, is needed to achieve the goals.
Measuring the results of our work is critical to understanding how well our strategy is working—and whether IFC is reaching people and markets that most need our help.
Achieving positive development results is at the core of IFC’s mission. Measuring development results well is critical, as it helps us to assess our activities, improve our operations, and report on our performance to promote learning and provide accountability to stakeholders.
Key Results from FY13
Our record investments and advice helped achieve significant impact for the poor. Nearly half our investment projects were in the world’s poorest countries. We helped our clients support 2.7 million jobs and provide more than $265 billion in loans to micro, small, and medium enterprises in 2012. Our advice helped governments in 43 countries adopt 76 reforms related to the investment climate.
Investment Services Highlights
Our clients treated 17.2 million patients.
Our clients educated 1 million students.
Our clients, and improved opportunities for 3.1 million farmers.
Our clients generated power for 52.2 million customers.
Our clients distributed water to 42 million.
Our Advisory Services achieved significant results for our clients— businesses and governments alike. Development effectiveness rating for Advisory Services reached a record of 75 percent, while client- satisfaction ratings climbed to an all- time high of 90 percent. The advice we provide is a crucial element of the value we bring to our clients, and in FY13 we achieved notable progress in providing client solutions that integrate investment and advice— we had active advisory projects with 250 investment clients.
In FY 13
Our advice helped mobilize almost $1 billion in private investment through public- private partnerships, which are expected to improve infrastructure and health services for millions of people.
We helped more than 40,000 small and medium enterprises obtain $4.5 billion in financing secured with movable property through our work with collateral registries.
We also provided training and capacity- building to about 350,000 people— including farmers, entrepreneurs, and managers of small and medium enterprises.