The World Bank Group's commitments grew by 11 percent to $38.2 billion in fiscal 2008, as financing to help the poor weather the global food crisis was rapidly approved, and support for the private sector increased.
IFC led the World Bank Group's efforts to engage with the private sector in addressing the food crisis. For example, IFC invested $1.4 billion along the agribusiness supply chain to boost production, increase liquidity, improve logistics and distribution, and increase access to credit for small farmers.
World Bank Group Commitments
Fiscal Years 2008 and 2007 (year ends June 30)
($ Billions) |
|
| World Bank Group | FY08 | FY07 |
| IBRD | 13.5 | 12.8 |
| IDA | 11.2 | 11.9 |
| IFC | 11.4+ | 8.2+ |
| MIGA | 2.1 | 1.4 |
| TOTAL | 38.2 | 34.3 |
________________________
+Own account only. Excludes $4.8 billion in FY08 and $3.9 billion in FY07 mobilized from syndications, structured finance
|
Full information on IFC's performance and impact in fiscal 2008 is forthcoming in IFC's Annual Report.
Read related
press release...
Published on September 17, 2008
