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Tourism, Retail & Property

The tourism, retail, and property sectors contribute to job creation, tax revenues, and economic growth for developing countries. IFC’s investments in tourism develop critical infrastructure, such as high-quality hotels. We work with our retail clients to create jobs, improve infrastructure, and raise labor standards, among other objectives. Through investments in property companies, we expand affordable housing and boost commercial real estate.

In FY19, our new long-term commitments in tourism, retail, and property totaled about $819 billion, including $297 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

Tourism, Retail & Property
$ millions, for the year ending June 30
Long-term investment commitments 522
Loans 493
Equity 23
Guarantees and risk management 6
Core mobilization* 297
Total commitments 819
Portfolio Exposure** for IFC's account 2,792
Committed portfolio for loan syndications*** 461
Total committed portfolio 3,253

* * 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, and MCPP Loans.

Development Reach

Tourism, Retail & Property Portfolio
  CY17 CY18
Employment 171,373 160,877
Female employment 68,252 64,337
Domestic purchase of goods and services ($ millions) 6,787 6,564
Payments to governments ($ millions) 790 409

1 Includes data from IFC clients that may not be mapped to this industry sector.