IFC
Creating Opportunity
Where It’s Needed Most
Who We Are, What We Do
• IFC is the largest global development institution focused exclusively on the
private sector – the global leader in private sector development finance
• We create opportunity for people – to escape poverty and improve their lives
• Driven by our vision and purpose, we make a unique contribution
to development
• We invest, advise, mobilize capital, and manage assets – providing solutions for
an inclusive and sustainable world
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IFC in the World Bank Group
The World Bank Group consists of five closely related institutions:
• IBRD: The International Bank for Reconstruction and Development
• IDA: The International Development Association
• IFC: International Finance Corporation
• MIGA: The Multilateral Investment Guarantee Agency
• ICSID: The International Center for the Settlement of Investment Disputes
Building Prosperity, Eradicating Poverty
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IFC’s Structure
• Owned by 184 member countries
• IFC is the main driver of private sector development in the
World Bank Group
• Collaborates with other members of the group, including the
World Bank (IBRD and IDA, MIGA and the International
Centre for Settlement of Investment Disputes)
• Global: Headquartered in Washington, D.C.
• Local: More than 100 offices worldwide in 95 countries
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IFC’s 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 world’s largest multilateral institution exclusively
focused on private sector development, widely seen as an essential
source of job creation, growth, and poverty reduction
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Our Purpose
IFC’s Purpose is to catalyze inclusive and sustainable
growth through:
• Promoting open and competitive markets in
developing countries
• Supporting companies and other private sector partners where there is a gap
• Helping to generate productive jobs and deliver essential services to the
underserved
• Catalyzing and mobilizing other sources of finance for private enterprise
development
In order to achieve its purpose, IFC offers development impact
solutions through firm-level interventions (direct investments,
advisory services, and IFC Asset Management Company), standardsetting, and business enabling environment work.
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Creating Opportunity
Our Strategic Focus Areas
Frontier Markets
• Only 1/3 of the world's poorest
live in low-income countries
• Most live in middle-income
countries
• So IFC focuses on frontier
markets: the poorest countries
as well as less-developed
regions of middle-income
countries, and fragile and
conflict-affected situations
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Creating Opportunity
Our Strategic Focus Areas
Private Infrastructure
• Power, transport, water,
telecommunications
• Health and education
• Building food security by
strengthening the food supply
chain
• Public-private partnerships are
critical in all
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Creating Opportunity
Our Strategic Focus Areas
Developing Local Financial Markets
• Focusing on the key drivers of
job creation: micro, small, and
medium enterprises
• Expanding role in trade finance
• Local currency transactions
• Financing women entrepreneurs
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Creating Opportunity
Our Strategic Focus Areas
Climate Change
• Part of our broader commitment
to ensuring environmental and
social sustainability
• Renewable energy
• Sustainable energy finance
• Building clients' climate-smart
business models
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Creating Opportunity
Our Strategic Focus Areas
Long-Term Partnerships
• IFC builds long-term
relationships with firms in
emerging markets
• Using the full range of our
products and services
• Assisting their cross-border
growth
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IFC’s Three Businesses
Investment
Services
Advisory
Services
• Loans
• Access to finance
• Equity
• Sustainable Business
• Trade finance
• Investment Climate
• Syndications
• Public-Private
Partnerships
• Securitized finance
• Blended finance
$56.5 b
portfolio
$200 m
per year
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IFC Asset
Management
Company
• Wholly owned
subsidiary of IFC
• Private equity fund
manager
• Invests third-party
capital alongside IFC
$4.5 b
under
mgmt
Fiscal Year 2012 Highlights
• Investments: 576 new projects in 103 countries
• Advisory services: Nearly $200 million in program expenditures
• $20.3 billion in financing: $15.4 billion for IFC’s own account,
$4.9 billion mobilized
• $56.5 billion committed portfolio, representing investments in
1,825 firms
• IDA countries account for almost half of IFC projects overall:
 $2.7 billion invested in Sub-Saharan Africa
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The Reach of IFC’s Projects
Last year our clients provided:
2.5 million jobs
$200 billion
in micro, small, and medium enterprise loans
12.2 million
patients with health care treatment
34.3 million
41.9 million
people with clean water
people with power connections
900,000 million
students with education
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IFC Jobs Study: Key Findings
 Investment Climate, Infrastructure, Access to Finance and
Skills & Training are critical factors for job creation in
developing countries.
 Job creation effects are often much larger in supply chains
and distribution networks of IFC clients (“indirect‟ jobs) than
“direct‟ jobs created in IFC client companies.
 Company size matters.
 Higher labor productivity can be associated with faster
employment growth.

Special attention must be paid to women and young people
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Examples of
IFC Investments
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Examples of IFC Investments
U-Com Burundi S.A. in Burundi (2011)
• Expand mobile telephone coverage through installation of
251 new base station sites and additional microwave
backhaul links.
• Project Sponsor: U-Com and Telecel Globe of Malta
• Project Cost: $66.3 m.
• IFC up to $25 m. senior loan
• Burundi's mobile penetration is lagging behind that of the
other countries in the region. The project will expand
network coverage in previously underserved regions and
improve the quality of service throughout the country.
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Examples of IFC Investments
PRAN Dairy – Bangladesh (2011)
• Expansion of dairy operations – processing, procurement,
and related working capital needs
• Project Sponsor: PRAN Group
• Project Cost: $15 m.
• IFC up to $7 m. loan
• PRAN currently works with 17,000 dairy farmers. Project
will establish 60 new dairy hubs over ten years and increase
reach to additional 90,000 farmers.
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Examples of IFC Investments
PRAN Natore Agro – Bangladesh (2012)
• Expansion of food processing and manufacturing capacity
• Project Sponsor: PRAN Group
• Project Cost: $25 m.
• IFC up to $10 m. loan
• Project will create over 1,200 new jobs and impact several
thousand farmers by ensuring consistent demand and fair
pricing for their produce.
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Examples of IFC Investments
Laureate Education – World Region (2012)
• Expansion of higher education programs in developing
countries
• Project Sponsor: Laureate Education Inc.
• Project Cost: $150 m.
• IFC up to $100m. loan or equity
• Project will expand access for middle- and lower-income
students to high quality post-secondary education, in many
cases addressing demand unmet by public institutions
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Examples of IFC Investments
Reformador SME Loan – Guatemala (pipeline)
• Support origination of SME and agribusiness sub-loans plus a
trade line to support general trade operations such as standby LCs, export/import finance and guarantees
• Project Sponsor: Banco Reformador
• IFC up to $20 m. senior loan for up to 6.5 years and $25 m.
to support trade operations
• Project will strengthen Banco’s participation in the SME
sector and deepen participation in agribusiness, both highly
underserved sectors.
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Annex
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Investments by Region, FY12
Commitments for IFC’s Account: $15.4 Billion
Global >1%
Middle East and North Africa 14%
Sub-Saharan Africa 18%
East Asia and Pacific 16%
Latin America and the
Caribbean 24%
South Asia 8%
Europe and Central Asia 19%
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Advisory Services by Region, FY12
Total Project Expenditures: $197 Million
Middle East and
North Africa 9%
Global 5%
Sub-Saharan
Africa 29%
Latin America
and Caribbean 11%
Europe and
Central Asia 17%
East Asia and Pacific 14%
South Asia 14%
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Investments by Industry, FY12
Commitments for IFC’s Account: $15.4 Billion
Other Sectors
1%
Trade Finance
39%
Agribusiness & Forestry
7%
Consumer & Social Services
9%
Financial Markets
21%
Telecommunications
& Information Technology
2%
Oil, Gas & Mining
3%
Manufacturing
7%
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Infrastructure
9%
Funds
3%
Advisory Services by Business Line, FY12
Total Project Expenditures: $197 Million
Sustainable
Business 24%
Access to
Finance 32%
Public-Private
Partnerships 15%
Investment Climate 29%
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