In the developing world, 2.5 billion adults don't have a bank account and 200 million businesses lack access to credit. IFC works through financial institutions to provide much-needed access to finance for millions of individuals and micro, small, and medium enterprises that we would never be able to reach directly. This is an important part of the World Bank Group strategy to end extreme poverty and build shared prosperity.
More than money: Things you should know about global finance
Finance is a tool for all. IFC works with more 800 financial institutions around the world to provide much-needed access to finance for millions of individuals and businesses to bridge development gaps, mobilize private capital, and support local capital markets. Video by Stephan Bachenheimer.
The impact of IFC financial clients in 2019:
- $406.7 BILLIONIN LOANS TO SMES
- $75.6 BILLIONIN MICROFINANCE LOANS
- $46.6 BILLIONIN HOUSING FINANCE LOANS
- $188 BILLIONIN TRADE FINANCE TRANSACTIONS
A company or entrepreneur seeking to establish a new venture or expand an existing enterprise can approach IFC directly.
The investment proposal can be submitted to the IFC field office that is closest to the location of the proposed project.