No institution can solve the challenges of development on its own. IFC brings together a variety of players to address the challenges collectively.
We work with governments, corporations, foundations, and other multilateral organizations and development institutions to foster innovative partnerships that help create markets and mobilize private sector investment for development.
Our partnerships complement the funding for IFC’s work, help incubate new ideas, and allow proven solutions to be scaled up. They facilitate knowledge transfer and build business and institutional capacity. They strengthen our impact by channeling resources to initiatives that improve the lives of the poor, empower women and youth, and promote sustainable private sector development.
Working with Development Partners and Foundations
In FY19, our development partners committed $390 million for IFC’s advisory services and $122 million for blended finance initiatives, including in the world’s poorest countries—those eligible to borrow from the International Development Association (IDA)—and in fragile and conflicted-affected situations. These initiatives supported work in priority areas such as gender, climate, financial inclusion, infrastructure, agribusiness, and manufacturing.
FY19 commitments from development partners included strengthening private sector development in IDA and FCS, expanding innovative solutions for gender equality, and continuing our commitment to address climate change.
Working with International Institutions and Global Platforms
To strengthen the role of the private sector in development finance, IFC engages with key international institutions and global platforms, including the United Nations, the Organization for Economic Co-operation and Development, Multilateral Development Banks (MDBs), Development Finance Institutions (DFIs), and intergovernmental economic organizations such as the G7 and the G20.
IFC has built strong partnerships with these institutions and platforms to share lessons from our decades of experience in emerging markets and innovative ideas on how the private sector can help address the most urgent challenges of development.