Countries which have successfully developed and reduced poverty over the past century have done so largely by developing their manufacturing sectors. In most countries, manufacturing generates more economic activity per dollar of production than any other business sector.
Manufacturers directly create jobs across a range of skill levels, enabling people, especially women, to move from informal work to formal employment with benefits, such as more security, better pay, social insurance and access to financial services. Manufacturing creates opportunity across industry value chains by increasing demand for raw materials, energy, construction, technology, and services from a broad array of supplying industries in the economy.
IFC Global Manufacturing Conference:
Harnessing Technology For Development
The 2nd IFC Global Manufacturing Conference brought together leading firms with a significant footprint in emerging markets, international experts, investors, and government officials to discuss opportunities, challenges, and experiences in harnessing technology for development.
The impact of IFC clients in Manufacturing in 2019:
- 185ThousandJOBS SUPPORTED
- 43ThousandJOBS FOR WOMEN SUPPORTED
- $19.2 BILLIONIN PURCHASE OF GOODS & SERVICES
- $1.5 BILLIONIN PAYMENTS TO GOVERNMENTS
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.