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IFC Annual Report 2006 : Increasing Impact, Volume 1The International Finance Corporation (IFC), in its 50th year, is the largest provider of multilateral financing for private sector projects in the developing world. In fiscal 2006, it committed $6.7 billion in funds from its own account and mobilized an additional $1.6 billion through syndications and $1.3 billion through structured finance. Based on the total costs of the private sector projects it helped finance this year, each $1 in IFC commitments for its own account resulted in an additional $2.88 in funding from other sources. Altogether, IFC supported 284 investment projects in 66 countries. This year nearly a quarter of IFC commitments were in low-income or high-risk countries, demonstrating the viability of private enterprise even in difficult environments. IFC's investment commitments to firms operating in the Middle East and North Africa more than doubled in fiscal 2006, and commitments for private sector projects in Sub-Saharan Africa increased nearly 60 percent. IFC introduced a new development outcome tracking system for investment operations to measure and track results throughout the life of a project; a similar system was implemented to monitor the development impact of all active technical assistance and advisory projects.
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IFC Annual Report 2008 : Creating Opportunity, Volume 1The International Finance Corporation
 (IFC) annual report continues an approach pioneered last
 year, combining information on the investments and advisory
 services, sustainability, development effectiveness, and
 donor partnerships. The report covers fiscal 2008 (July 1,
 2007, through June 30, 2008) and discusses the year's
 new business as well as the performance and development
 results of the portfolio. In FY08, new investments totaled
 $16.2 billion, rising 34 percent from the previous year. The
 IFC seeks to enhance the accountability and to articulate
 the vision, core corporate values, purpose, and the way the
 IFC works for a wide range of stakeholders: client
 companies, governments, partners, local communities affected
 by the activities, advocacy organizations, investors, and
 the staff.
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African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara?The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global financial crisis. Many of the transmission channels for global risks and financial contagion to financial sectors in Africa are narrow or of limited potential influence. This note analysis the recent performance of African financial sectors, the degree of their exposure to European banking sector risks, the observable impact of a decline in global investor confidence, as well as the link between fiscal and monetary policy and financial sector development. The analysis in this paper focuses primarily on the potential impact of the European debt crisis on the performance of African financial sectors and the credit intermediation channel. The analysis both assesses how a transmission channel affects the stability and solvency of African financial institutions and how it affects the ability of African firms and governments to access funding.