Delivering Impact, Scaling Solutions

As this financial year (FY24) draws to a close we look back at how IFC has been able to deliver unprecedented progress to the people and places that need it most. Through a combination of record investment volumes and groundbreaking innovations in the investment space, the mobilization of private capital has had a clear impact across the globe.

Our portfolio of projects have created measurable gains across critical development priorities. From expanding clean energy access to empowering women entrepreneurs to providing vital digital infrastructure, the impact of which have been reflected in the new World Bank Group Scorecard.

Powered by innovative new tools, partnerships, and platforms and with a record of close to $56 billion invested, including over $22 billion mobilized - IFC is continuing to scale up private sector solutions to meet the world's toughest challenges head on. By deepening our collaborations across the World Bank Group and enhancing the delivery of integrated development solutions, IFC has been able to demonstrating the immense potential of business to shape a more inclusive and sustainable future.

The results from this financial year paint a compelling picture: Through effective mobilization the private sector has been an unmatched force for good. From across our portfolio, IFC investments continue to generate transformative outcomes and tangible results.

Impact Through Investment

Underlying these numbers are the tools which make up our pioneering approaches to de-risking and scaling up impactful investments. From local currency loans to thematic bonds to blended finance platforms. We are breaking down the barriers that hold back private capital flows into frontier markets.

It is also by leveraging the full power of the World Bank Group that we have been able to integrate private solutions with high-quality advisory services and to enable policy reforms which have in turn transformed emerging markets and led to four consecutive record years of investment volume growth.

We are also accelerating our efforts to scale our impact even further. With a robust pipeline of high-potential projects and innovations heralding another financial year of impact ahead.

While these financial year milestones are significant, they represent more than just numbers. They reflect our commitment to measuring what truly matters in development impact. The new World Bank Group Scorecard, with its focus on 22 key metrics, allows us to drive measurable gains across critical priority areas with greater precision and accountability.

As the World Bank Group implements an ambitious evolution to meet global challenges with greater speed and scale, IFC is seizing the opportunity to mobilize more resources, deploy more catalytic tools, and deliver more impact than ever before.

This data-driven approach not only celebrates our successes but also illuminates areas where we need to do more, fostering a culture of continuous improvement. With this powerful compass guiding our way, IFC is better positioned than ever to turn data into impact, numbers into lives changed, and aspirations into realities as we work towards our goal of eradicating poverty on a livable planet.

Published July 2024