IFC helps infrastructure clients mitigate risks by advising them on how to build their overall environmental and social management capacity and adopt our Performance Standards. We assist with community programs, and broaden the development impact of projects by widening the range of goods and services purchased from local suppliers. In addition, IFC works to advance the development of the renewable energy markets.
Scaling Solar brings together a suite of World Bank Group services under a single engagement aimed at creating viable markets for solar power in each client country. The “one stop shop” program aims to make privately funded grid-connected solar projects operational within two years and at competitive tariffs. When implemented across multiple countries, the program creates a new regional market for solar investment.
CommDev houses a select group of public documents, tools, case studies, training materials, and presentations produced by IFC, other World Bank Group institutions, and partners. These resources guide both private and public institutions to share benefits from infrastructure and natural-resource investments with local communities.
IFC supports the Extractive Industries Transparency Initiative (EITI)—a global standard to promote the open and accountable management of oil, gas, and mineral resources. When implemented by a country, the EITI ensures transparency and accountability on how its natural resources are governed. This ranges from how the rights are issued to how the resources are monetized to how they benefit the citizens and the economy.
The Financial Valuation Tool (FV Tool) was designed by IFC and partners to help companies from a variety of sectors—including oil and gas, mining, and forestry—calculate their financial return on sustainability investment, by better evaluating and mitigating environmental and social risks.
IFC’s investments and advisory service support to renewable-energy projects span the globe. With experts on the ground, IFC offers advice to hydropower companies, lending banks, and energy and environment ministries around the world on raising their environmental and social standards.
The 2030 Water Resources Group facilitates open, trust-based dialogue processes to drive action on water resources reform in water-stressed developing countries. The ultimate aim of such reforms and actions is to close the gap between water demand and supply by the year 2030. Our global partners include bilateral agencies and governments, private companies, and development banks. The group has been hosted by IFC since 2012.