IFC-INR projects' overall contribution to SDGs in calendar year 2019
8.0 billion USD in Annual Payments to Government
246.5 million people reached with infrastructure services (of which 184.0 in telecoms, 57.9m in power generation and distribution, 3.2m in gas distribution, 820 thousand in water distribution, 580 thousand in transport)
9 million containers operated or shipped
151,460 Jobs supported – 25,274 Women
IFC's Priorities in INR
High quality infrastructure – power, water, sanitation, and transportation – is essential to economic activity, productivity growth, job creation, and the 2030 Agenda, including the SDGs and Paris Agreement. Investing in infrastructure is an effective response to a low-growth environment, as it is both a short-term fiscal stimulus during the construction phase and a driver of longer-term growth through its impact on productivity in the broader economy.
IFC has steadily expanded infrastructure business over the past several years, as a number of high impact, transformational projects have come to fruition. In the energy space, IFC is now amongst the largest financiers of renewables in emerging markets. IFC has also facilitated gains in the infrastructure sector in IDA and fragile country states, with opportunities emerging from cooperating with IBRD/IDA on sector reforms.
The infrastructure sector is characterized by an increasing number of potential sources of capital that is not matched by an accompanying growth in bankable projects. In line with IFC 3.0, IFC’s Infrastructure business will shift gradually its strategy towards designing solutions for complex problems. It will dedicate more time and resources to engagements in challenging situations – deploying Cascade’s investment prioritization framework and new risk mitigation instruments.