IFC Annual Report 2010 : Where Innovation Meets Impact, Volume 2. IFC Financials, Projects, and Portfolio 2010

Abstract

More than 200 million people in the
 developing world were out of work this year. Over 1 billion
 are hungry, while millions more are confronting the threat
 that climate change poses. The United Nations estimates that
 884 million people don't have safe drinking water and
 more than 2.6 billion people lack basic sanitation. The
 population of the developing world will expand by a third
 over the next four decades, growth that will strain already
 weak infrastructure. In this environment, International
 Finance Corporation (IFC) is innovating to create
 opportunity where it's needed most. IFC committed a
 record $18 billion in fiscal year 2010, $12.7 billion of
 which was for own account. We invested in 528 projects, an
 18 percent increase from FY09. Advisory Services portfolio
 comprised 736 active projects valued at more than $850
 million, with annual expenditures totaling $268 million.
 Countries served by the International Development
 Association, or IDA, accounted for nearly half our
 investments 255 projects totaling $4.9 billion and more
 than 60 percent of Advisory Services expenditures.
 Sub-Saharan Africa accounted for 19 percent of our
 investment commitments and 25 percent of Advisory Services
 expenditures. The invested a record $1.64 billion in clean
 energy, leveraging $6.8 billion, while climate change
 related projects grew to 15 percent of the value of our
 Advisory Services portfolio. The investments in microfinance
 rose 10 percent to $400 million, expanding microfinance
 portfolio to $1.2 billion.