IFC continues to develop new financial products that enable companies to manage risk and broaden their access to foreign and domestic capital markets. Our broad suite of investment services can ease poverty and spur long-term growth by promoting sustainable enterprises, encouraging entrepreneurship, and mobilizing resources that wouldn’t otherwise be available.
In FY11, IFC invested $12.2 billion in 518 projects, of which $4.9 billion went to the poorest countries eligible to borrow from the World Bank’s International Development Association. We also mobilized an additional $6.5 billion to support the private sector in developing countries.