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Putting Development at the Heart of IFC...
Our corporate strategy IFC 3.0, in place since December 2016, has become even more relevant as we support our member countries in coping with the shock of the COVID-19 crisis and take action to support a sustainable, resilient, and equitable economic recovery.
This blueprint for our organization, now complete, builds on the strengths of our historic approaches, IFC 1.0 and 2.0, which focus on finding the best opportunities to serve our client countries by providing advice and financing to mobilize private sector solutions to their development challenges. Our strategy has evolved based on our more than six decades of experience investing in emerging markets and setting standards for sustainability; the interrelated skills of our diverse, seasoned workforce; and our on-the-ground presence in more than 100 countries that provides close proximity to clients.
IFC 3.0 is about being proactive, not reactive. We are committed not just to financing projects but also to creating markets — and mobilizing private capital at significant scale, with greater focus on the poorest and fragile and conflict-affected countries. Bringing together several foundational pillars — the AIMM method for ex-ante impact measurement, new blended finance and other de-risking tools, country strategies based on joint IFC/World Bank Group diagnostics that identify critical policy reforms, and our Upstream approach to developing new investment opportunities, to name just a few — IFC 3.0 underpinned the $5.5 billion capital increase that shareholders endorsed in 2018 and became effective in 2020.
IFC 3.0 integrates new ways of solving development challenges. By applying new skill sets and leveraging new and existing financial and advisory products, it allows us to mobilize private sector solutions and investment where they are needed most. It is a comprehensive, 21st century architecture for delivering on the founding mission that we embarked on in 1956 — to further economic development by encouraging the growth of productive private enterprise in member countries, particularly in less developed areas.
It puts development at the heart of IFC and moves us closer to achieving our ultimate goal:
Putting IFC at the Heart of Development