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 Manufacturing Conference 2021:
Circular Economy For Sustainable Development
IFC’s Global Manufacturing Conference took place on November 16-17, 2021, drawing in industry experts and practitioners from around the globe. Keynote speaker and circular economy strategist Dame Ellen MacArthur discussed with IFC’s Senior Vice President for Operations, Stephanie von Friedeburg, the necessary role of circular economy principles in advancing economic development in ways that improve the health of the planet.
The impact of IFC clients in Manufacturing in 2020:
- 222ThousandJOBS SUPPORTED
- 39ThousandJOBS FOR WOMEN SUPPORTED
- $19.7 BILLIONIN PURCHASE OF GOODS & SERVICES
- $1.2 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.