IFC works to extend the availability of technologies that help promote sustainable growth and social inclusion.
In fiscal year 2018, our new commitments in this sector totaled $376 million, including $169 million mobilized from other investors. Our clients ranged from tech start-up firms to global mobile operators.
As one of the leading development financiers in the sector, we focus on facilitating better broadband connectivity, supporting infrastructure sharing models, and partnering with mobile operators as they expand their networks to new areas, especially in fragile and frontier markets.
IFC’S FOCUS AREAS IN TELECOMS, MEDIA, AND TECHNOLOGY ARE:
Fintech is redefining financial services, and IFC has helped steer these changes in emerging markets for more than 10 years. While IFC’s Digital Finance unit provides advisory services to help banks and other financial institutions reach unbanked populations, our Fintech group invests in technology-driven innovation in financial infrastructure, products and services. With growth and expansion capital, sectoral knowledge, global expertise and convening power, IFC provides committed guidance to our Fintech partners.