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IFC Annual Report 2011: I am Opportunity

IFC Annual Report 2011: I am Opportunity

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Published by IFCpublications
In fiscal year 2011, IFC promoted private sector development in distinctive ways—through innovation, influence, demonstration, and impact. We provided nearly $19 billion in financing to clients in emerging markets, helping them provide jobs, improve health and education, and deliver water, power, and gas to millions. Learn more in IFC's 2011 Annual Report.
In fiscal year 2011, IFC promoted private sector development in distinctive ways—through innovation, influence, demonstration, and impact. We provided nearly $19 billion in financing to clients in emerging markets, helping them provide jobs, improve health and education, and deliver water, power, and gas to millions. Learn more in IFC's 2011 Annual Report.

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Published by: IFCpublications on Sep 19, 2011
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05/24/2012

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 G  y  a n e  s  h   a n d  e   y  , o  u n d  e  r   /   C O ,H u s  k   o  w e  r  S   y  s  t   e  m s  ,I   n d  i    a
I AMOPPORTUNITY
IFC ANNUAL REPORT 2011
M u n i    r  a S  h   o  n i    b   a r  e  , o  u n d  e  r   /   x e  c  u t   i    v  e  D i    r  e  c  t   o  r  ,I   O u r  n i    t   u r  e  , N i     g  e  r  i    aA n w a r   J   a  y   y  o  s  i    ,M a n a  g  i    n  g  D i    r  e  c  t   o  r  , a l    e  s  t   i    n e   f    o  r  C r  e  d  i    t   a n d  D e  v  e  l    o   p  m e  n t   (   A N )    , W e  s  t   B  a n k   a n d  G a z  a W a n d  e  e  K h   u n c  h   o  r  n  y  a k   o  n  g  , r  e  s  i    d  e  n t   , S  o  l    a r  o  w e  r  C o  . , h   a i    l    a n d 
 
LOOKING AT OUR WORK THROUGH MULTIPLE LENSES
Private sector development is a challenge o considerable complexity. As a global institution, we embracethat complexity.IFC tackles the most pressing development challenges, approaching them in ways that are responsive to theneeds o all our stakeholders—rom the governments that comprise our shareholders to our sister organizationswithin the World Bank Group to the wide array o clients and partners who share our commitment to createopportunity where it’s needed most. Being responsive requires us to see the world in dierent ways.In this report, we tell our story through several lenses:Looking at our work through all o these lenses isn’t easy—sometimes they overlap, and that can complicate thepicture. But it ensures that we are never blind to the needs o the poor in developing countries.
WORLD BANKGROUP GLOBALPRIORITIES
As a member of the World Bank Group,our purpose is to create opportunityin ways that advance the group’s globalpriorities−agriculture and food security,climate change, governance and anticor-ruption, gender, and fragile states. Ourwork in these areas is discussed through-out this report.
IFC STRATEGY
We have five areas of strategic focus−frontier markets; climate change andenvironmental and social sustainability;infrastructure, health and education, andthe food supply chain; local financialmarkets; and client relationships. Wemeasure our performance in theseareas through quantitative targets (seeScorecard, page 59). This year weare experimenting with a new set of targetswe call the IFC Development Goals (seepage 79).
OUR BRAND VALUEPROPOSITION
IFC strives to make a difference in fourdistinctive ways−through innovation,influence, demonstration, and impact. Wediscuss these ways on pages 18
56.
 
ABOUT IFC
IFC, a member o the World Bank Group, is the largest globaldevelopment institution ocused exclusively on the privatesector. We help developing countries achieve sustainablegrowth by fnancing private sector investment, mobilizingcapital in international fnancial markets, and providingadvisory services to businesses and governments. Weplay a catalytic role by demonstrating the proftability o investments in emerging markets.Established in , IFC is owned by  member countries,a group that collectively determines our policies. Our workin more than  countries allows companies and fnancialinstitutions in emerging markets to create jobs, generate taxrevenues, improve corporate governance and environmentalperormance, and contribute to their local communities.IFC’s vision is that people should have the opportunity toescape poverty and improve their lives.
1
 /
3
We account for about a third of thefinancing provided by developmentfinance institutions to the privatesector in developing countries.
3X
Our climate-change investmentshave tripled since 2007.
750
We work with more than 750 finan-cial institutions that command morethan 30,000 distribution points innearly every corner of the develop-ing world.
45
We have disbursed loans denominatedin more than 45 local currencies.
$2 BILLION
Since 2007, we have contributednearly $2 billion to the World Bank’sfund for the poorest countries.
2
 /
3
We are more diverse than ever—nearly two-thirds of our staff is fromdeveloping countries.
KEY FACTS
We asked eight representatives of theprivate sector and nongovernmentalorganizations to identify topics of greatestimportance to external stakeholders.They picked six−food and water security,climate change and energy, women asdrivers of economic growth, informationtechnology, public governance, and IFC’srelationship with the private sector. Theseissues are discussed throughout thisreport (see page 105 for a specific index).
OUR MATERIALITYTOPICS

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