Publication: IFC Annual Report Financials 2024: Accelerating Impact - Mobilizing Investment at Scale
Loading...
Date
2024-11-05
ISSN
Published
2024-11-05
Author(s)
Editor(s)
Abstract
This Management’s Discussion and Analysis (MD&A) discusses the financial results of the International Finance Corporation (IFC or the Corporation) for the fiscal year ended June 30, 2024 (FY24).
Link to Data Set
Citation
“International Finance Corporation. 2024. IFC Annual Report Financials 2024: Accelerating Impact - Mobilizing Investment at Scale. © World Bank. http://hdl.handle.net/10986/42365 License: CC BY-NC 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication IFC Annual Report 2024(Washington, DC: World Bank, 2024-11-05)The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Operating in more than 100 developing countries, IFC utilizes its capital, mobilization capacity, expertise, and influence to create jobs and improve living standards. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions, leveraging private sector solutions and mobilizing private capital to work towards a world free of poverty on a livable planet.Publication IFC 2000 Annual Report : Volume 2. Financial Review(Washington, DC, 2000-08)This is the International Finance Corporation (IFC) annual report for FY2000, which outlines its increased gross approvals, led by a record of new investments in Sub-Saharan Africa; the realization of its second-highest-ever annual net income; and, the significant resurgence in commercial bank lending through its syndications program. However, during the period IFC also felt the push of reformers, and critics, and the effects of a changing market place. Responsive to changing needs, IFC looks at how to bridge the digital divide which threatens the developing world; at ways to strengthen domestic financial markets; at how to address basic infrastructure; and, at how to improve access to health care and education, as well as how to improve environmental, and social sustainability. IFC's single largest sectoral focus remains the financial sector, which amounted to forty six percent of new approvals, though strategic priorities were further refined to align its activities with market realities, by building business, and creating job opportunities. Moreover, it has pioneered corporate environmental and social responsibility, by moving the private sector to actively promote economic development. IFC activities during FY2000 are presented, and, through case studies, shows the range of projects, by region and investment type. Finally, IFC's financial review describes performance, funding management, capital earnings, as well as risk management, and credit risk.Publication IFC Annual Report 2010 : Where Innovation Meets Impact, Volume 1. Main Report(Washington, DC: World Bank, 2010)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.Publication IFC Annual Report 2008 : Creating Opportunity, Volume 1(Washington, DC, 2008)The 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.Publication IFC Annual Report 2014 : Big Challenges, Big Solutions(Washington, DC: World Bank Group, 2014)International Finance Corporation (IFC or the Corporation) is the largest global development institution focused on the private sector in developing countries. Established in 1956, IFC is owned by 184 member countries, a group that collectively determines its policies. IFC is a member of the World Bank Group (WBG)1 but is a legal entity separate and distinct from IBRD, IDA, MIGA, and ICSID, with its own Articles of Agreement, share capital, financial structure, management, and staff. Membership in IFC is open only to member countries of IBRD. At the 2013 Spring Meetings, the WBG adopted two ambitious goals: to end extreme poverty by 2030 and to boost shared prosperity for the poorest 40 percent in developing countries. At the Annual Meetings in October 2013, the Board of Governors approved the first strategy for the WBG focused on delivery of transformational solutions, marshaling combined resources more effectively, and accelerating collaboration with the private sector and our development partners. IFC s strategic focus areas are: strengthening the focus on frontier markets; addressing climate change and ensuring environmental and social sustainability; addressing constraints to private sector growth in infrastructure, health, education, and the food-supply chain; developing local financial markets; and building long-term client relationships in emerging markets.
Users also downloaded
Showing related downloaded files
Publication Address to the Board of Governors, September 27, 1971(World Bank, Washington, DC, 1971-09-27)Robert S. McNamara, President of the World Bank Group, remarked that progress has been made in both the qualitative and quantitative aspects of life in the vast majority of developing countries. Development has brought death rates down in those countries, but a corresponding adjustment in the birth rate is not automatic, and to date has been negligible. He focused on the basic problems of development: nutrition, employment, income distribution and trade.Publication Lebanon Donors Conference--Paris III(2007-01-25)Paul Wolfowitz, President of the World Bank, remarked that Lebanon stands at a critical crossroad in the wake of the war in the previous summer. Lebanon now needs to go beyond reconstruction. He reviewed the implementation of the Lebanese Government’s economic and social reform program. The World Bank Group is providing financing support in three areas: first, the unprecedented step of providing grants from World Bank Group income for recovery and reconstruction. Second, the International Finance Corporation will provide 250 to 275 million dollars in financing for Lebanon’s financial and business community, including a guarantee program for small and medium-sized enterprises and a trade finance facility. Third, the Bank extended up to 700 million dollars in IBRD financing to support the implementation of the Government’s program, particularly its efforts to stimulate growth and to meet the needs of the poorest and most vulnerable elements of the population. The Bank is prepared to continue and intensify efforts in assisting the Government to implement its programs, to build institutional capacity, to improve procurement and financial management to undertake sector reforms, with a particular focus on those sectors such as power, which are key to the overall success of the program.The people of Lebanon have called on the world to help revive their economy. We have an opportunity to restore hope and stability that the Lebanese people and their children so deeply deserve.Publication Address to the Board of Governors(World Bank, Washington, DC, 1980-09-30)In his final address to the Board of Directors, President Robert S. McNamara discusses the future role of the Bank during a time in which surging oil prices threaten critical development tasks. He examines four themes: the prospects for economic growth and social advance in oil-importing developing countries; a program of structural adjustment that developing countries, industrialized nations, and OPEC countries can take to maximize growth; the need to accelerate the attack on absolute poverty; and the role the World Bank ought to play in the decade ahead.Publication The World Bank Annual Report 2018(Washington, DC: World Bank, 2018-09-28)The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.Publication The World Bank Annual Report 2017(Washington, DC: World Bank, 2017-10-06)The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.