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8/8/2019 Orientation Ari Gars Cad Den
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IFCCreating Opportunity
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Vision
That people should have the opportunityto escape poverty and improve their lives
IFC foster sustainable economic growth in developing
countries by supporting private sector development,
mobilizing private capital, and providing advisory and
risk mitigation services to businesses and governments.
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IFCs Structure
Owned by 182 member countries
To join IFC, a country must:
Be a member of the World Bank (IBRD);
Have signed IFC's Articles of Agreement; and
Have deposited with the World Bank Group's Corporate Secretariat an
Instrument of Acceptance of IFC's Articles of Agreement.
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IFCs Structure
IFC is the main driver of private sector development in theWorld Bank Group
Collaborates with other members of the group, including
the World Bank (IBRD and IDA)
Global: Headquartered in Washington, D.C.
Local: More than 100 offices worldwide in 81 countries
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Management
Executive Vice President & CEO
Lars ThunellThe Executive Vice President and CEO
leads IFC's overall strategic directions.
The World Bank Group's president also serves as IFC's president.
The Management Team assists the Executive Vice President and CEO in decision- making and
strategic planning.
IFC's projects and programs are evaluated by the Independent Evaluation Group. Accountability is
ensured by the independent Office of the Compliance Advisor/Ombudsman
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IFCs History
Launched in 1956: 12 years after the Bretton Woods Conference
created the World Bank to finance post-WWII reconstruction
and development by lending to governments
Original mandate: supporting development by encouraging
private investment (a new part of the global economic agenda)
1980s: IFC coins the term emerging markets
1990s: IFC increases in size, importance after fall of Berlin Wall
Today: IFC is the worlds largest multilateral institution focused
on private sector development, widely seen as an essential
source of job creation, growth, and poverty reduction
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Bringing Solutions to Clients
IFC is responding to rising demand for private sectorfinancing and expertise
IFC brings solutions to clients through investments and
advisory services
IFC helps fill unmet needs by directing capital and knowledgeto areas not yet benefiting from growth in emerging markets
To be close to clients, more than half of IFCs 3,325 staffwork in field offices
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IFCs Global Reach100+ country and regional advisory services offices worldwide
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Strategic Priorities
Strengthening the focus on frontier markets IDA countries,poorer regions of middle-income countries and less developedindustry sectors with brand potential
Building long-term relationships with emerging market players
Addressing climate change and promoting environmental andsocial sustainability
Promoting private sector growth in infrastructure, health, and
education Developing local financial markets
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IFC Business SolutionsInvestment Services
Loans and intermediary services
Equity and quasi-equity
Syndications
Structured and securitized products
Risk management products
Trade finance
Sub national finance
Treasury operations
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IFC Business Solutions
Advisory Services
Five main business lines
Business enabling environment
Access to finance
Corporate advice
Environmental and social sustainability
Infrastructure
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IFC Offers Clients
A Unique Role
Emphasis on development impactWorld Bank affiliation
Market discipline
Risk-taking and risk management
Preferred creditor status
Political risk cover
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The Reach of IFCs Projects
Last year our reach included:
5.5 million hospital patients
675,000 students
11.3 million electricity customers
18.1 million water customers 7 million microfinance loans
50 million new phone connections
IFCs activities help raise living standardsfor people throughout the developing world
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Fiscal Year 2009 Highlights
Investments: 447 new projects in 85 countries
Advisory services: 299 new projects in 75 countries
$14.5 billion in financing: $10.5 billion for IFCs own account,
$4.0 billion mobilized
IDA countries accounted for 45 percent of IFC investments.Overall:
$1.4 billion invested in Sub-Saharan Africa
$1.4 billion invested in the MiddleEast and North Africa
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IFCs Growing Role in IDA
IFCs strength, dynamism, and growth strategy encourage WorldBank Group collaboration
IFC can add more to the development goals of the group,
particularly in IDA countries
IFC has designated $1.75 billion for IDAs current funding cycle,from net income over the next four years, equaling IBRDcontribution
A winning combination for the poor: IDA, IFC, and IBRD
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IFC Financing
* Mobilization for 2006 and 2007 includes structured finance, loan participations, and parallel loans.
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Investments by Region, FY09
Sub-Saharan Africa 11%
Commitments for IFCs Account: $10.5 Billion
Europe and Central Asia 26%
Latin America and Caribbean 25%
Middle East and North Africa
11%
Global
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Investments by Industry, FY09
Global Financial
Markets 35%
Commitments for IFCs Account: $10.5 Billion
Global Information and
Communication
Technologies 4%
Global Manufacturing and
Services 18%
Infrastructure 17%
Subnational
Finance
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Advisory Services by Region, FY09
Sub-Saharan
Africa 25%
Total Spending: $291 Million
East Asia and Pacific 13%
South Asia 9%
Latin Americaand Caribbean 8%
Global 21%
Europe and
Central Asia 17%
Middle East and
North Africa 6%
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Advisory Services by Business Line, FY09
Access to
Finance 30%
Total Spending: $291 Million
Corporate Advice 21%
Environment
and Social
Sustainability 9%
Business Enabling Environment 28%
Infrastructure 13%
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Doing the Part
IFC contributes to the World Bank Groups six broadpriorities for an inclusive and sustainable globalization
The poorest countries: helping overcome poverty and spurring sustainablegrowth, especially in Africa
Middle-income countries: building a competitive menu of developmentsolutions
The Arab world: supporting those who are advancing development andopportunity
Fragility and conflict: focus on countries emerging from conflict or seeking toavoid breakdown of the state
Global public goods: climate change, HIV/AIDS, malaria and others
Knowledge and learning: building the World Bank Groups role as a brain trustof applied development expertise