Latin America & the Caribbean
Income inequality in Latin America and the Caribbean is high despite a significant in reduction in poverty in recent years. IFC’s work in the region includes supporting the foundation for inclusive recovery, investing in human capital and protecting the poor, and building economic resilience.
In FY19, our long-term investments in the region totaled about $6.2 billion, including $3.7 billion mobilized from other investors. Our clients provided 14 million loans to micro, small, and medium-sized enterprises, totaling about $99billion. We provided $179 million in new financing for firms with improved corporate governance practices.
FY19 Development Results
Numbers at the left end of each bar are the total number of companies rated.
Project Financing and Portfolio, by Region
| Latin America & the Caribbean $ millions, for the year ending June 30 |
FY191 |
|---|---|
| Long-term investment commitments | 2,491 |
| Loans | 2,254 |
| Equity | 96 |
| Guarantees and risk management | 142 |
| Core mobilization* | 3,730 |
| Total commitments | 6,222 |
| Portfolio Exposure** for IFC's account | 12,245 |
| Committed portfolio for loan syndications*** | 4,768 |
| Total committed portfolio | 17,014 |
* Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC, Other Mobilization by Decision, and Public-Private Partnerships (PPP) Mobilization, as applicable for this Region. ** 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, MCPP Loans, Unfunded Risk Participations (URP) and Credit Insurance Policies (CIP). 1 Excludes individual country shares of regional and global projects.
Development Reach
| Latin America & the Caribbean | Portfolio | ||
|---|---|---|---|
| CY17 | CY18 | ||
| MSME loans (# of loans)1 | 13,633,451 | 14,031,649 | |
| MSME loans (amount in $ millions)1 | 103,030 | 98,809 | |
| Power generation (millions of people) | 9.5 | 9.9 | |
| Water distribution (millions of people)2 | 4.9 | 6.7 | |
| Power distribution (millions of people)3 | 2.6 | 2.6 | |
| Phone connections (millions of people)4 | 25.9 | 24.0 | |
| Farmers reached | 140,244 | 148,344 | |
| Patients served | 5,356,401 | 5,270,659 | |
| Students reached | 2,126,629 | 585,240 | |
| Employment | 389,020 | 302,151 | |
| Domestic purchase of goods and services ($ millions) | 10,810 | 13,802 | |
| Payments to governments ($ millions) | 5,714 | 5,033 | |
1 Portfolio reach figures represent the micro, small, and medium outstanding loan portfolio of IFC's financial institution clients with MSME-oriented finance. 2 One client in Latin America & the Caribbean contributed 6.7 million to water distribution customers reached. 3 One client in Latin America & the Caribbean contributed 2.6 million to power distribution customers reached. 4 One client in Latin America & the Caribbean contributed 21 million to phone connections customers reached.
Largest Country Exposures
| Portfolio Exposure ($ millions)1 | |||
|---|---|---|---|
| Rank within Region | Country | FY18 | FY19 |
| 1 | Brazil | 2,837 | 2,860 |
| 2 | Argentina | 1,466 | 1,644 |
| 3 | Mexico | 1,229 | 1,574 |
Based on IFC's account, as of June 30
1 Excludes individual country shares of regional and global projects.
