Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
While low-carbon solutions are gaining traction, the world is still dangerously off-track when it comes to slowing down climate change. Emerging markets – given their huge development needs and growing energy demand – will see a steady growth in greenhouse gas emissions over the next decade and are the most heavily impacted by climate change.
Climate is a major economic opportunity that can promote growth, create jobs, and accelerate the transition to low-carbon development in a wide range of sectors.
$14.4 billioncombined mobilization and investment in FY23
53 million tCO2e/year avoided on average
100 millionNumber of people with access to electricity every year
At a Glance
Our research shows that climate business can generate $23 trillion in investment opportunities, create 213 million cumulative jobs, and achieve 4 billion tons of CO2 reduction in developing countries. Helping our clients tap into these opportunities and working with a host of partners to catalyze finance for climate action, is at the core of our business. In fiscal year 2023, IFC delivered $7.6 billion in climate finance and mobilized an additional $6.8 billion from other sources.
Credible standards inspire investor confidence and stimulate the flow of private capital. IFC has led pioneering work on global principles and industry-specific guidance that helped create climate business opportunities across sectors and geographies.
IFC has been at the leading edge of catalyzing private capital for development. Through our IFC 3.0, or Creating Markets approach, we use a wide toolkit of approaches to generate investable opportunities, from policy reforms to project development. We work together with the World Bank to create the greatest impact. And we crowd in the much-needed private capital.
As of July 1, 2023, 85% of IFC’s new financial flows will align with the objectives of the Paris Agreement. This will increase to 100% starting July 1, 2025. IFC’s Paris Alignment commitment is in line with the Joint Multilateral Development Bank (MDB) Methodological Principles for assessing Paris Alignment developed together with other MDBs.