Regional Results

Development Outcome Reach

AFRICA

AFRICAPORTFOLIOIn FY23, our long-term investments in Africa totaled $6.9 billion, including $3.1 billion
mobilized from other investors. Our clients provided nearly 2.6 million loans to micro,
small, and medium-sized enterprises, totaling about $16.8 billion. They cared for13.6 million patients and distributed power to 8.3 million people.

Project Financing and Portfolio, by Region$ millions, for the year ending June 30

AFRICA

FY23

Long-term investment commitments

3,755

Loans

3,197

Equity403

Guarantees and risk management

155

Core mobilization1

3,145

Total commitments

6,900

CY22

CY21

Employment

302,958

347,234

Female employment

148,674

135,663

Proportion of board seats held by women

21%

13%

Proportion of senior management positions held by women

36%

22%

Airline passengers (millions of people)–

2.2

Bus/road/rail passengers (millions of people)–

2.1

Containers handled (M TEU containers)

1.2

2.6

Data center capacity (MW)2317577,954344,871

IFC Direct Investments

Farmers reached1
Internet connections (millions of people)
MSME loans (number of loans)2

0.2

2.3

2,570,830

2,764,972

16,78817,632

Patients served (millions of people)3

13.6

19.8

Phone connections (millions of people)

6.1

5.4

Power distribution (millions of people)

8.3

7.9

25

35

MSME loans ($ millions)2

Portfolio Exposure2 for IFC’s account

15,042

Power generation (millions of people)

Committed portfolio for loan syndications34,450Power generation (Gwh produced)

15,563

21,790Total Portfolio Exposure

19,491Students reached

90,62885,85855,011

51,317

Payments to governments ($ millions)

1,342

1,142

Domestic purchases ($ millions)

4,735

5,225

52

50

Employment

279,772

330,529

Female employment

102,525

102,650

New employment

94,06270,041

Female new employment

38,161

28,111

Proportion of senior management positions held by women

32%

27%

Proportion of investees owned/founded by women

13%

8%

Payments to governments ($ millions)

683

893

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC Funds,
Advisory Mobilization, as applicable for this region.		
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.
3. Including B-Loans, ALPs, Agented Parallel Loans, CIPs, URPs, and MCPP Loans. 		

Female students reached

Community development outlay ($ millions)
Fund Investee Companies

Largest Country Exposures

1

AFRICARANKWITHINREGIONPORTFOLIO EXPOSURE 2($ MILLIONS)COUNTRY

FY23

FY22

1

South Africa

3,234

2,624

2

Nigeria

2,021

2,242

3

Egypt, Arab Republic of

1,602

1,228

1. As of June 30, 2023, based on IFC’s account. Excludes individual country shares of regional andglobal projects.
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

1. CY21 Farmers Reached revised due to the restatement of one client value in Africa.
2. Portfolio reach figures represent the micro, small and medium outstanding loan portfolio of IFC’s
financial institution clients with MSME-oriented finance.
3. CY21 data revised due to reporting error from several clients in FY22 reporting.
4. CY21 Patients Served revised due to the restatement of one client value in Africa.

IFC ANNUAL REPORT 2023

Regional Results

Development Outcome Reach

CENTRAL ASIA AND TÜRKIYE

CENTRAL ASIA AND TÜRKIYEPORTFOLIOIn FY23, our long-term commitments in Central Asia and Türkiye totaled more than
$3.8 billion, including nearly $2.1 billion mobilized from other investors. Our clients
disbursed nearly 1.2 million loans to micro, small, and medium-sized enterprises,
totaling $13.8 billion.

CY22

CY21

Employment

202,518

165,688

Female employment

70,474

46,666

IFC Direct Investments

Proportion of board seats held by women

13%

17%

Proportion of senior management positions held by women

19%

27%

Project Financing and Portfolio, by Region

Airport customers (millions of people)

6.4

6.1

$ millions, for the year ending June 30

Bus/road/rail passengers (millions of people) 1

29.4

14.3

Containers handled (M TEU containers)

CENTRAL ASIA AND TÜRKIYE

FY23

Long-term investment commitments

Farmers reached

2.0

3.9

16,19913,027

1,157,215

1,503,339

13,825

21,674
4.6

1,784

MSME loans (number of loans)2

Loans

1,745

MSME loans ($ millions)2

Equity21

Patients served (millions of people)

4.4

Guarantees and risk management

17

Power distribution (millions of people)

1.6

1.9

158

1,498

2,276

2,621

1,205

1,344

Core mobilization1

2,052

Power generation (Gwh produced)

Total commitments

3,836

Students reached

Portfolio Exposure2 for IFC’s account

5,387

Committed portfolio for loan syndications3852

Total Portfolio Exposure

6,239

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC Funds,
Advisory Mobilization, as applicable for this region.		

Female students reached
Payments to governments ($ millions)
Domestic purchases ($ millions)

191

16

6,827

1,861

Fund Investee Companies

2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

Employment

41,710104,415

Female employment

15,29046,928

3. Including B-Loans, ALPs, CIPs, and MCPP Loans. Amounts include regional shares of investments thatare officially classified as global projects.		

New employment

15,33331,080Female new employment

5,547

17,120

Proportion of senior management positions held by women

30%

25%

Proportion of investees owned/founded by women

8%

20%

Payments to governments ($ millions)

537

720

Largest Country Exposures1
CENTRAL ASIA AND TÜRKIYEPORTFOLIO EXPOSURE 2($ MILLIONS)RANKWITHINREGION

COUNTRY

FY23

FY22

1

Türkiye

4,650

3,830

2

Uzbekistan

433

280

3

Kazakhstan

238

205

1. One client in Central Asia and Türkiye contributed 29.4 million Road/Bus/Rail Passengers in CY22.
2. Portfolio reach figures represent the micro, small and medium outstanding loan portfolio of IFC’s
financial institution clients with MSME-oriented finance.

1. As of June 30, 2023, based on IFC’s account. Excludes individual country shares of regional andglobal projects.
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

IFC ANNUAL REPORT 2023

Regional Results

Development Outcome Reach

EAST ASIA AND THE PACIFIC

EAST ASIA AND THE PACIFIC

PORTFOLIOIn FY23, our long-term commitments in East Asia and the Pacific totaled about$3.7 billion, including more than $1.2 billion mobilized from other investors. Our clients
disbursed more than 23 million loans to micro, small, and medium-sized enterprises,
totaling nearly $446 billion.

CY22

CY21

Employment

878,756

577,384

Female employment

295,470

233,963

IFC Direct Investments

Proportion of board seats held by women

20%

12%

Proportion of senior management positions held by women

24%

36%

Project Financing and Portfolio, by Region

Farmers reached$ millions, for the year ending June 30

MSME loans (number of loans) 1
MSME loans ($ millions) 1

EAST ASIA AND THE PACIFIC

FY23

Patients served (millions of people)2

2,439

Power generation (millions of people)

Loans

2,211

Power generation (Gwh produced)

Equity202

Sewage and wastewater treated (Mm3)3

Guarantees and risk management

27

Students reached4

Long-term investment commitments

946,297

1,153,390

23,082,215

22,249,674

445,502400,425

301.8

1.6

8

5

19,20623,36725.4

1,721.6

329,587

306,522Core mobilization1

1,224

153,892

119,870

Total commitments

3,663

Water distribution (millions of people)

–

1.9

535

1,568

15,130

13

170

42

Female students reached

Portfolio Exposure2 for IFC’s account

12,910

Payments to governments ($ millions)

Committed portfolio for loan syndications3

3,034

Domestic purchases ($ millions)

Total Portfolio Exposure

15,943

Community development outlay ($ millions)6

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC Funds,
Advisory Mobilization, as applicable for this region.		

5

Fund Investee Companies

2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

Employment

942,874

1,350,520

Female employment

192,521214,167

3. Including B-Loans, ALPs, CIPs, URPs, and MCPP Loans.		

New employment

314,629

315,732

Female new employment

69,62962,243Largest Country Exposures

1

EAST ASIA AND THE PACIFICRANKWITHINREGIONPORTFOLIO EXPOSURE 2($ MILLIONS)COUNTRY

FY23

FY22

Proportion of senior management positions held by women

33%

28%

Proportion of investees owned/founded by women

22%

15%

Payments to governments ($ millions)

1,143

970

1. Portfolio reach figures represent the micro, small and medium outstanding loan portfolio of IFC’s
financial institution clients with MSME-oriented finance.
2. One client in East Asia and the Pacific contributed 300 million Patients Served in CY22.

1

China

3,711

4,212

2

Vietnam

2,187

2,279

4. One client in East Asia and the Pacific contributed 304,500 Students Reached in CY22.

3

Indonesia

2,171

1,843

5. CY21 Domestic Purchases revised due to the restatement of one client value in East Asia andthe Pacific.

1. As of June 30, 2023, based on IFC’s account. Excludes individual country shares of regional andglobal projects.

3. One client in East Asia and the Pacific contributed 25.4 Mm3 Sewage and Wastewater Treated in CY22.

6. One client in East Asia and the Pacific contributed $169 million Community Development Outlay
in CY22.

2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

IFC ANNUAL REPORT 2023

Regional Results

Development Outcome Reach

EUROPEEUROPEPORTFOLIO

IFC investments in FY23 totaled over $3.6 billion in Europe, including more than
$1.4 billion mobilized from other investors. Our clients cared for 3.9 million patientsand reached 2.7 million people with phone connections.

Project Financing and Portfolio, by Region$ millions, for the year ending June 30

EUROPE

FY23

CY22

CY21

Employment

141,886

86,909Female employment

92,343

57,774

IFC Direct Investments

Proportion of board seats held by women

27%

8%

Proportion of senior management positions held by women

21%

23%

Airport customers (millions of people)

1.0

0.6

Data center capacity (MW) 1

38

26

11,07916,078Farmers reached

2,190

Internet connections (millions of people)

Loans

1,922

Equity226

Long-term investment commitments

2.6

2.8

MSME loans (number of loans)2, 3

768,616

916,336

MSME loans ($ millions)2, 3

26,444

28,773
3.1

Patients served (millions of people)

3.9

1,422

Phone connections (millions of people)

2.7

3.8

Total commitments

3,612Power distribution (millions of people)

1.1

1.0

Portfolio Exposure2 for IFC’s account

5,615Power generation (millions of people)

2

–

2,332

1,750

Guarantees and risk management

42

Core mobilization1

Committed portfolio for loan syndications3

811

Total Portfolio Exposure

6,426

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC Funds,
Advisory Mobilization, as applicable for this region.		
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

Power generation (Gwh produced)
Payments to governments ($ millions)
Domestic purchases ($ millions)

601

488

5,222

5,698

Fund Investee Companies
Employment

34,72073,002

3. Including B-Loans, ALPs, Agented Parallel Loans, CIPs, URPs, and MCPP Loans.		

Female employment

12,17335,040Largest Country Exposures1

New employment

12,19646,448

Female new employment

3,963

7,002

EUROPE

Proportion of senior management positions held by women

31%

46%

Proportion of investees owned/founded by women

4%

6%

Payments to governments ($ millions)

176

919

PORTFOLIO EXPOSURE 2($ MILLIONS)RANKWITHINREGION

COUNTRY

FY23

FY22

1

Romania

1,729

1,281

2

Poland

756

338

3

Ukraine478

274

1. CY21 Data Center Capacity revised due to the restatement of one client value in Europe.
2. Portfolio reach figures represent the micro, small and medium outstanding loan portfolio of
IFC’s financial institution clients with MSME-oriented finance.
3. CY21 data revised due to reporting error from several clients in FY22 reporting.

1. As of June 30, 2023, based on IFC’s account. Excludes individual country shares of regional andglobal projects.
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

IFC ANNUAL REPORT 2023

Regional Results

Development Outcome Reach

LATIN AMERICA AND THE CARIBBEAN

LATIN AMERICA AND THE CARIBBEANPORTFOLIOIn FY23, our long-term investments in Latin America and the Caribbean totaled about$9.5 billion, including $5.6 billion mobilized from other investors. Our clients provided
nearly 9.3 million loans to micro, small, and medium-sized enterprises, totaling about$80 billion.

CY22

CY21

Employment

568,502332,368

Female employment

251,663

105,618

IFC Direct Investments

Proportion of board seats held by women

15%

13%

Proportion of senior management positions held by women

42%

29%

Project Financing and Portfolio, by Region

Airport customers (millions of people) 1

18.6

10.8

$ millions, for the year ending June 30

Containers handled (M TEU containers)

1.0

1.0

Data center capacity (MW)LATIN AMERICA AND THE CARIBBEAN

FY23Long-term investment commitments

Farmers reached23

80

132,249

125,632

3,885Internet connections (millions of people)

Loans

3,037

MSME loans (number of loans)2, 3

Equity455

MSME loans ($ millions)2, 3

Guarantees and risk management

393

Patients served (millions of people)

1.8

1.2

20.2

21.2

9,258,730

5,308,100

79,644

79,346

Core mobilization1

5,607

Phone connections (millions of people)

20.2

20.1

Total commitments

9,492

Power distribution (millions of people)

6.5–

Portfolio Exposure2 for IFC’s account14,688Committed portfolio for loan syndications3

4,828

Total Portfolio Exposure

19,515

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC Funds,
Advisory Mobilization, as applicable for this region.		
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.
3. Including B-Loans, Agented Parallel Loans, CIPs, and MCPP Loans. Amounts include regional sharesof investments that are officially classified as global projects.		

Largest Country Exposures

1

LATIN AMERICA AND THE CARIBBEANRANKWITHINREGIONPORTFOLIO EXPOSURE 2($ MILLIONS)COUNTRY

FY23

FY22

1

Brazil

5,600

4,223

2

Colombia

2,348

1,979

3

Mexico

1,396

1,457

1. As of June 30, 2023, based on IFC’s account. Excludes individual country shares of regional andglobal projects.
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

6

8Power generation (Gwh produced)

Power generation (millions of people)

26,86230,456Students reached180,794

417,773

103,103237,218

Payments to governments ($ millions)4

2,617

3,803

Domestic purchases ($ millions)

9,640

14,345–63,481

Employment

149,499

200,388

Female employment

54,486

63,145

New employment

62,10943,134

Female new employment

12,02323,073

Female students reached

Community development outlay ($ millions)
Fund Investee Companies

Proportion of senior management positions held by women

29%

32%

Proportion of investees owned/founded by women

19%

13%

Payments to governments ($ millions)

837

721

1. One client in Latin America and the Caribbean contributed 18.62 million Airport customers in CY22.
2. Portfolio reach figures represent the micro, small and medium outstanding loan portfolio of IFC’s
financial institution clients with MSME-oriented finance.
3. CY21 data revised due to reporting error from several clients in FY22 reporting.
4. CY21 payments to governments from IFC Direct Investment revised due to the restatement of one
client value in Latin America and the Caribbean.

IFC ANNUAL REPORT 2023

Regional Results

Development Outcome Reach

MIDDLE EAST

MIDDLE EASTPORTFOLIO
CY21

Employment

90,26542,671

Female employment

IFC Direct Investments

In FY23, we invested $670 million in the Middle East, including $258 million
mobilized from other investors. Our clients cared for 3.5 million patients andreached 3,605 students.

Project Financing and Portfolio, by Region

20,396

10,995

Proportion of board seats held by women

5%

5%

Proportion of senior management positions held by women

18%

9%

12,411

248,497–5.2

251,800

290,811

3,391

3,443

3.5

3.0

Farmers reached$ millions, for the year ending June 30

Internet connections (millions of people)

MIDDLE EAST
Long-term investment commitments
Loans

FY23

MSME loans (number of loans)

413

MSME loans ($ millions) 1, 2

240

Patients served (millions of people)

50

Phone connections (millions of people)

–

7.8
0.6

EquityGuarantees and risk management
Core mobilization1
Total commitments
Portfolio Exposure2 for IFC’s account122

Power distribution (millions of people)–

Power generation (millions of people)

5

2

670

Power generation (Gwh produced)

8,450

5,746

Sewage and wastewater treated (Mm3)

21.0

21.2

Students reached

3,605

3,391

2,548

2,345

Payments to governments ($ millions)

126

3,414

Domestic purchases ($ millions)

511

825

–

376,363

Employment

54,04879,720Female employment

18,50935,847

New employment

23,65916,655

Female new employment

5,398

1,754

863

Total Portfolio Exposure

1, 2

258

2,312

Committed portfolio for loan syndications3

3,175

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC Funds,
Advisory Mobilization, as applicable for this region.		
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.
3. Including B-Loans, ALPs, Agented Parallel Loans, CIPs, and MCPP Loans. Amounts include regional
shares of investments that are officially classified as global projects.		

Largest Country Exposures

CY22

1

MIDDLE EASTPORTFOLIO EXPOSURE 2($ MILLIONS)RANKWITHINREGION

COUNTRY

FY23

FY22

1

Pakistan

902

960

2

Jordan

561

669

3

Iraq

163

197

Female students reached

Community development outlay ($ millions)
Fund Investee Companies

Proportion of senior management positions held by women

27%

29%

Proportion of investees owned/founded by women

19%

9%

Payments to governments ($ millions)

114

91

1. Portfolio reach figures represent the micro, small and medium outstanding loan portfolio of IFC’s
financial institution clients with MSME-oriented finance.
2. CY21 data revised due to reporting error from several clients in FY22 reporting.

1. As of June 30, 2023, based on IFC’s account. Excludes individual country shares of regional andglobal projects.
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

IFC ANNUAL REPORT 2023

Regional Results

Development Outcome Reach

SOUTH ASIA

SOUTH ASIAPORTFOLIOIn FY23, IFC provided nearly $3.5 billion in long-term investments in South Asia,
including more than $1.3 billion mobilized from other investors. Our clients provided
more than 37 million loans to micro, small, and medium-sized enterprises, totaling
more than $80 billion.

CY22

CY21

Employment

686,717

328,735

Female employment

IFC Direct Investments
166,350

140,706

Proportion of board seats held by women

16%

11%

Proportion of senior management positions held by women

17%

9%

Project Financing and Portfolio, by Region

Containers handled (M TEU containers)$ millions, for the year ending June 30

Farmers reached
FY23

Long-term investment commitments

MSME loans (number of loans)2

2,130

MSME loans ($ millions)2, 3

Loans

1,775

Patients served (millions of people)

Equity332

Phone connections (millions of people)

Guarantees and risk management

24

Power generation (millions of people)

Core mobilization1

1,321

Total commitments

3,451

Portfolio Exposure2 for IFC’s account

9,005

Committed portfolio for loan syndications3476

Total Portfolio Exposure

9,481

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC Funds,
Advisory Mobilization, as applicable for this region.		
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.
3. Including B-Loans, ALPs, Agented Parallel Loans, CIPs, and MCPP Loans. Amounts include regional
shares of investments that are officially classified as global projects.		

Largest Country Exposures1

40.4

30.9

37,053,728

23,988,989

80,274

72,162

–

18.8

71.8

53.7

4

Power generation (Gwh produced)

7

8

11,037

13,194

Payments to governments ($ millions)
Domestic purchases ($ millions) 5

731

848

2,301

4,326

368,443

Fund Investee Companies3
Employment

336,060

Female employment

78,16989,221New employment

141,590108,776

Female new employment

31,38529,793

Proportion of senior management positions held by women

29%

42%

Proportion of investees owned/founded by women

13%

10%

Payments to governments ($ millions)

680

1,383

1. One client in South Asia contributed 32.8 million Internet Connection customers in CY22.

SOUTH ASIAPORTFOLIO EXPOSURE 2($ MILLIONS)COUNTRY

0.5
967,484

Internet connections (millions of people) 1

SOUTH ASIARANK
WITHINREGION

0.5
834,923

FY23

FY22

7,284

6,742

1

India

2

Bangladesh

910

1,182

3

Sri Lanka

405

441

2. Portfolio reach figures represent the micro, small and medium outstanding loan portfolio of IFC’s
financial institution clients with MSME-oriented finance.
3. CY21 data revised due to reporting error from several clients in FY22 reporting.
4. One client in South Asia contributed 54.4 million Phone Connection customers in CY22.
5. CY21 Domestic Purchases revised due to the restatement of one client value in South Asia.

1. As of June 30, 2023, based on IFC’s account. Excludes individual country shares of regional andglobal projects.
2. Portfolio exposure is defined as the sum of the (i) committed exposure for IFC’s debt investments,(ii) fair market value of IFC’s equity investments, and (iii) total undisbursed equity commitments.

IFC ANNUAL REPORT 2023