are shaping broader World Bank Group packages o support in the poorest countries. This work reinorcesour commitment to creating opportunity in emergingmarkets worldwide—which includes a ocus on thepoorer regions o middle-income countries.In my visits to client countries, I have seen IFC workingto improve people’s lives in some o the world’s mostchallenging environments: increasing Uganda’s electricity supply and helping Liberian companies get back intointernational trade, as well as opening new channels o fnancing in Bangladesh. The stories that ollow oer asample o IFC’s ability to make a dierence to people inunderserved places throughout the world.
Lars H. ThunellExecutive Vice President and CEOIFC
Lars Thunell at the Bujagali dam construction site,Uganda
(see p. 8)
IFC Activity in IDA Countries, Fiscal Year 2007
• Investment commitments in IDA countriesrepresented 44 percent of IFC’s total numberof projects.• Some 62 percent of total IFC spending onadvisory services projects was in IDA countries.• IFC investments in Africa increased from $140million in fiscal year 2003 to $1.4 billion infiscal year 2007.