Publication: IFC Annual Report 2005 : Investing in Progress with Experience, Innovation, and Partnership, Volume 2. Financial Statements, Projects, Portfolio, and Organizational Information
Date
2005
ISSN
Published
2005
Author(s)
International Finance Corporation
Abstract
The International Finance Corporation is
at the forefront of private sector development: it is
redefining how poverty can be reduced and lives improved
through a stronger private sector in emerging markets.
Accomplishing this goal means reaching people, regions, and
sectors that have not yet shared in the overall growth of
emerging markets. It means innovation-forging new
partnerships with governments and other multilateral
institutions, identifying new roles for the private sector,
creating products that develop financial markets, and making
it easier for disadvantaged people to launch a business or
own a home. It means building on significant strengths in
many countries and industries-helping established
enterprises become more competitive and sustainable as they
expand their operations or extend their reach into new
markets. It also means bringing to developing economies
proven products and techniques, both from industrialized
countries and, increasingly, from other developing
countries. Above all, it means tailoring global expertise to
local needs. This annual report outlines the strategic
objectives of the institution in expanding access to
finance, increasing private participation in key sectors,
helping successful enterprises grow, focusing where needs
are greatest, and ensuring sustainability.
Citation
“International Finance Corporation. 2005. IFC Annual Report 2005 : Investing in Progress with Experience, Innovation, and Partnership, Volume 2. Financial Statements, Projects, Portfolio, and Organizational Information. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/feaceb2b-aa4c-54af-8a32-de1d2e2e501a License: CC BY-NC-ND 3.0 IGO.”