Social Bonds Factsheet

Financing Projects for Positive Social Outcomes

IFC’s Social Bonds: Promoting Inclusive and Equitable Impact

About IFC

IFC’s social bonds offer investors an opportunity to support projects that promotesocial, economic, and gender equality in emerging markets. Social bonds are
an integral part of our borrowing strategy. IFC social bonds are issued as seniorunsecured debt, consistent with the overall funding program.

IFC, a member of the WorldIFC collaborates with the private sector to create impactful investment
opportunities focused on critical areas, such as healthcare, education, affordable
housing, finance, and sanitation. Our social bonds finance projects that directly
benefit underserved populations, contributing to the achievement of the UN
Sustainable Development Goals.

in emerging markets. We work

Bank Group, is the largest
global development institution
focused on the private sector
in more than 100 countries,
using our capital, expertise, andinfluence to create markets andopportunities in developing
countries. In fiscal year 2024,

IFC’s Social Bond Program was launched in 2017 with the issuance of its firstever global U.S. dollar benchmark social bond. Since then, IFC has been a frequentissuer of social bonds in public and private markets, across various currencies
and tenors. The program aligns with the Social Bond Principles published by theInternational Capital Market Association (ICMA).

IFC committed a record $56
billion to private companies
and financial institutions indeveloping countries, leveraging
private sector solutions andBETWEEN FY17 AND FY24,
IFC RAISED $8.4 BILLION

THROUGH 97 SOCIAL BONDS

mobilizing private capital toIN 14 CURRENCIES

create a world free of poverty ona livable planet.

Use of Social Bond Proceeds
The proceeds from social bonds support projects with positive social outcomes,
including those that aim to enhance:

IN FY24, IFC raised$13 billion in funding,including

Inclusive Business
Lending to companies that provide livelihood opportunities
and close access gaps for people living at the “base of theeconomic pyramid” by integrating them into value chains as
suppliers, employees, distributors, retailers, and customers using
commercially viable methods.
Banking on Women
Lending to financial intermediaries with the requirement that thefunds will be subsequently loaned to women-owned enterprises.
Social Bond Principles Eligible Projects
Lending to projects that meet the criteria stipulated in the ICMA
Social Bond Principles.

2.3 9 2$Billion
fromSocialBonds
acrossCurrencies

Transparency, Disclosure and Reporting
IFC publishes an annual list of projects that are eligible for funding from oursocial bond proceeds through the Green and Social Bond Impact Report. The list
includes a description of the project, amount disbursed, expected environmental
impact, and links to relevant public documents.

AAA RatingConsiderations•

Owned by 186 member
countries, with over 50% ofcapital owned by AAA/AAsovereigns.

•Strong capital position
primarily raised throughretained earnings fromsteady profits since 1956.

•Substantial liquidity buffer
with highly conservativeliquidity coverage ratio (LCR)
and leverage ratios.

•Diverse investor basewith reliable access tothe deepest global capital
markets.

•Highly diversified debt
and equity portfolio with
exposure spanning 118
countries and over 2,000companies.

•Consistently rated AAA/Aaaby S&P and Moody’s since its
first assessment in 1989.

•

Assigned a 0% risk
weighting under the BaselFramework.

Our Value Proposition•

IFC’s mission as part of the World Bank Group is to end extreme poverty andboost shared prosperity on a livable planet.

•We promote sustainable growth through investments in the private sector ofdeveloping countries.

•IFC has more than six decades of experience mobilizing resources in capital
markets to support economic growth and development in emerging markets.

•IFC plays a countercyclical role during times of economic andfinancial uncertainty.

•

We provide advisory services across a wide range of sectors, including
renewable energy, agriculture, health, education, and financial markets, todeveloping economies.

In November 2023, IFC issued a landmark three-year social bond, raisinga total of $1.5 billion to support low-income communities in emerging
markets. The transaction marked IFC’s largest-ever social bond, with anunprecedented order book and the distinction of being the largest US
dollar social bond issued by a supranational in 2023. IFC social bonds
facilitate projects with positive social impact, specifically targeting
underserved populations by providing access to essential services.
WINNER OF THE SOCIAL BOND OF THE YEAR
IN THE SUPRANATIONAL CATEGORY,
Environmental Finance’s Bond Awards 2024
This document does not constitute an offer or recommendation to purchase any notes issued by IFC.

Photo credit: IFC

Funding and Investor Relations Contacts
GLOBAL HEAD OF FUNDING
Flora Chao | fchao@ifc.org

WASHINGTON D.C.
Yuri Kuroki
Head of Funding Americas
ykuroki@ifc.org
Zauresh Kezheneva
Financial Officerzkezheneva@ifc.org

WASHINGTON D.C.
Investor Relations
Ayelet Perlstein
Head of Investor Relations
aperlstein@ifc.org
Obert Limbani
Associate Financial Officerolimbani@ifc.org
Marsha Monteiro
Financial Analyst
mmonteiro@ifc.org

LONDONSINGAPORE

Elena Panomarenko
Head of Funding - Europe
epanomarenko@ifc.org

Marcin Bill
Head of Funding - Asia
mbill@ifc.org

Roland Maassen
Associate Financial Officer
rmaassen@ifc.org

Hiroyasu Hirano
Financial Officer
hhirano@ifc.org

Investor Relations
Laura Stirling
Digital and Communication
Coordinatorlstirling@ifc.org

International Finance Corporation 2121 Pennsylvania Avenue NW, Washington, DC 20433
www.ifc.org | www.ifc.org/socialbonds

TOKYO
Investor Relations
Yutaka Yasui
Senior Financial Officer
yyasui@ifc.org