IFC Financial Highlights
In FY20, IFC invested $22 billion, including $10.8 billion mobilized from other investors.
Our comprehensive approach helped businesses innovate, build internationally competitive industrial sectors, and create better jobs.
Operational Highlights
Dollars in millions, for the years ended June 302020
2019
2018
2017
2016
Long-Term Investment Commitments
FOR IFC’S OWN ACCOUNT
2020: $11,135$11,135
2019: $8,920$8,920
2018: $11,629$11,629
2017: $11,854$11,854
2016: $11,117$11,117
Number of projects
2020: 282282
2019: 269269
2018: 366366
2017: 342342
2016: 344344
Number of countries
2020: 6767
2019: 6565
2018: 7474
2017: 7575
2016: 7878
MOBILIZATION1
2020: $10,826$10,826
2019: $10,206$10,206
2018: $11,671$11,671
2017: $7,461$7,461
2016: $7,739$7,739
Syndicated loans
2020: $4,989$4,989
2019: $5,824$5,824
2018: $7,745$7,745
2017: $3,475$3,475
2016: $5,416$5,416
IFC initiatives & other
2020: $3,370$3,370
2019: $2,857$2,857
2018: $2,619$2,619
2017: $2,207$2,207
2016: $1,054$1,054
Asset Management Company (AMC) Funds
2020: $50$50
2019: $388$388
2018: $263$263
2017: $531$531
2016: $476$476
Advisory Mobilization2
2020: $2,417$2,417
2019: $1,137$1,137
2018: $1,044$1,044
2017: $1,248$1,248
2016: $793$793
TOTAL INVESTMENT COMMITMENTS
2020: $21,961$21,961
2019: $19,126$19,126
2018: $23,301$23,301
2017: $19,316$19,316
2016: $18,856$18,856
Investment Disbursements
For IFC’s account
2020: $10,518$10,518
2019: $9,074$9,074
2018: $11,149$11,149
2017: $10,355$10,355
2016: $9,953$9,953
Syndicated loans
2020: $2,231$2,231
2019: $2,510$2,510
2018: $1,984$1,984
2017: $2,248$2,248
2016: $4,429$4,429
TOTAL INVESTMENT DISBURSEMENTS
2020: $12,749$12,749
2019: $11,584$11,584
2018: $13,133$13,133
2017: $12,602$12,602
2016: $14,382$14,382
Portfolio Exposure3
Number of firms
2020: 1,8801,880
2019: 1,9301,930
2018: 1,9771,977
2017: 2,0052,005
2016: 2,0062,006
For IFC’s account
2020: $58,650$58,650
2019: $58,847$58,847
2018: $57,173$57,173
2017: $55,015$55,015
2016: $51,994$51,994
Syndicated loans
2020: $16,161$16,161
2019: $15,787$15,787
2018: $16,210$16,210
2017: $16,047$16,047
2016: $16,550$16,550
TOTAL PORTFOLIO EXPOSURE
2020: $74,811$74,811
2019: $74,635$74,635
2018: $73,383$73,383
2017: $71,062$71,062
2016: $68,544$68,544
Short-Term Finance
Annual Commitments4
2020: $6,473$6,473
2019: $3,256$3,256
2018: $3,435$3,435
2017: $3,185$3,185
2016: $2,807$2,807
Advisory Services
Advisory Services program expenditures
2020: $274.4$274.4
2019: $295.1$295.1
2018: $273.4$273.4
2017: $245.7$245.7
2016: $220.6$220.6
Share of program in IDA countries5
2020: 57%57%
2019: 59%59%
2018: 57%57%
2017: 63%63%
2016: 62%62%
- Defined as “core mobilization”—Non-IFC financing or risk sharing arranged on commercial terms due to the active and direct involvement of IFC for the benefit of a client. Excludes $1,163 million of unfunded risk transfers that are accounted for under IFC’s own account.
- Advisory Mobilization includes third-party private financing that has been mobilized for Public Private Partnerships, as a result of IFC’s role as lead transaction adviser. It also includes Corporate Finance Services, a newly approved mobilization type for projects in which IFC has provided transaction advisory services to help private sector clients expand into new markets, diversify and restructure operations, and bring in new equity investors.
- 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. Effective July 1, 2018, to accommodate change in accounting standards impacting how IFC reports its equity holdings, IFC has introduced the new term “Portfolio Exposure,” which, instead of disbursed and outstanding balance, uses the fair market value of IFC’s equity investments. Therefore, FY19 onwards Portfolio Exposure For IFC’s account and prior years are not directly comparable.
- As of FY20, IFC tracks Annual Commitments instead of Average Outstanding Balance. Figures for FY16—FY19 are the Average Outstanding Balance. Short-Term Finance includes Global Trade Finance Program (GTFP) and Global Trade Supplier Finance Program (GTSF).
- All references in this report to percentages of advisory program expenditures in IDA countries and fragile and conflict-affected areas exclude global projects.
Financial Highlights
Dollars in millions, as of and for the years ended June 3012020
2019
2018
2017
2016
Net (loss) income attributable to IFC
2020: (1,672)(1,672)
2019: 9393
2018: 1,2801,280
2017: 1,4181,418
2016: (33)(33)
Grants to IDA
2020: ——
2019: ——
2018: 8080
2017: 101101
2016: 330330
(Loss) income before grants to IDA
2020: (1,672)(1,672)
2019: 9393
2018: 1,3601,360
2017: 1,5231,523
2016: 296296
Total assets
2020: 95,80095,800
2019: 99,25799,257
2018: 94,27294,272
2017: 92,25492,254
2016: 90,43490,434
Loans, equity investments, and debt securities, net
2020: 41,13841,138
2019: 43,46243,462
2018: 42,26442,264
2017: 40,51940,519
2016: 37,35637,356
Estimated fair value of equity investments
2020: 10,36610,366
2019: 13,11313,113
2018: 14,57314,573
2017: 14,65814,658
2016: 13,66413,664
Key Ratios
Return on average assets (GAAP basis)
2020: (1.7)%(1.7)%
2019: 0.1%0.1%
2018: 1.4%1.4%
2017: 1.6%1.6%
2016: 0.0%0.0%
Return on average capital (GAAP basis)
2020: (6.3)%(6.3)%
2019: 0.3%0.3%
2018: 5.0%5.0%
2017: 5.9%5.9%
2016: (0.1)%(0.1)%
Cash and liquid investments as a percentage of next three years’ estimated net cash requirements
2020: 96%96%
2019: 104%104%
2018: 100%100%
2017: 82%82%
2016: 85%85%
Debt-to-equity ratio
2020: 2.2:12.2:1
2019: 2.2:12.2:1
2018: 2.5:12.5:1
2017: 2.7:12.7:1
2016: 2.8:12.8:1
Total resources required ($ billions)
2020: 20.320.3
2019: 21.821.8
2018: 20.120.1
2017: 19.419.4
2016: 19.219.2
Total resources available ($ billions)
2020: 28.228.2
2019: 27.827.8
2018: 24.724.7
2017: 23.623.6
2016: 22.522.5
Total reserve against losses on loans to total disbursed portfolio
2020: 6.3%6.3%
2019: 4.7%4.7%
2018: 5.1%5.1%
2017: 6.1%6.1%
2016: 7.4%7.4%
- Financial results in 2020 and 2019 are not directly comparable to the prior periods due to the adoption of a new accounting standard. A full explanation of the change and its implications is available in Management’s Discussion and Analysis and Consolidated Financial Statements. The document can be found at http://www.ifc.org/FinancialReporting.
For more information, see the Financial Performance Summary on page 120 of the printed Annual Report.
