Telecommunications & Information Technology
Digital technologies are opening new investment opportunities and business models that can provide the poorest individuals with access to products and services that were not previously commercially or financially viable. IFC channels investments toward private companies that build modern communications infrastructure, create information-technology businesses, and develop climate-friendly technologies.
In FY19, our new commitments in this sector totaled about $399 million, including $268 million mobilized from other investors.
FY19 Development Results
Numbers at the left end of each bar are the total number of companies rated.
Project Financing and Portfolio, by Industry
| Telecommunications & Information Technology $ millions, for the year ending June 30 |
FY19 |
|---|---|
| Long-term investment commitments | 131 |
| Loans | 127 |
| Equity | 5 |
| Guarantees and risk management | – |
| Core mobilization* | 268 |
| Total commitments | 399 |
| Portfolio Exposure** for IFC's account | 1,926 |
| Committed portfolio for loan syndications*** | 762 |
| Total committed portfolio | 2,688 |
* Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC, Other Mobilization by Decision, and Public-Private Partnerships (PPP) Mobilization.
** Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments, (ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.
*** Including B-Loans, Agented Parallel Loans, Credit Insurance Policies (CIP) and MCPP Loans.
Note: The discrepancy between "Long - term Investment Commitments" and sum up of "Loans, Equity, Guarantees and risk management" is due to rounding.
Development Reach
| Telecommunications & Information Technology | Portfolio | ||
|---|---|---|---|
| CY17 | CY18 | ||
| Employment | 61,797 | 50,937 | |
| Female employment | 21,073 | 13,039 | |
| Phone connections (millions of people) (1) | 187 | 187 | |
| Payments to governments ($ millions) | 1,834 | 2,577 | |
1 Includes data from IFC clients that may not be mapped to this industry sector.
