Independent assurance report on the alignment of International FinanceCorporation (IFC)’s impact management systems with the Operating
Principles for Impact Management

To the Chief Executive Officer of IFC,
In response to your request, we verified whether International
Finance Corporation (IFC)’s impact management systems (the“Policies”) are aligned, in all material aspects, with the Operating
Principles for Impact Management dated February 2019 andupdated June 2021 (the “Impact Principles”, available atwww.impactprinciples.org) for USD 85,653 million of its assets
under management (as of June 30, 2022).

We apply International Standard on Quality Control 1 andaccordingly maintain a comprehensive system of quality control,
including documented policies and procedures regarding
compliance and ethical requirements, professional standards
and applicable legal and regulatory requirements.
Our work was carried out by an independent andmultidisciplinary team including assurance practitioners andsustainable finance experts. We remain solely responsible for our
assurance conclusion.

Limited assurance conclusion

Summary of the work we performed

Based on the procedures performed and the evidence obtained,
nothing has come to our attention that causes us to believe, inall material aspects, that IFC’s Policies are not aligned with theImpact Principles for USD 85,653 million of its assets undermanagement (as of June 30, 2022).

We performed the following procedures based on our
professional judgment:•We verified that the Policies address each of the ImpactPrinciples.

•We assessed the relevance, completeness, reliability,neutrality and understandability of the Policies in relation tothe Impact Principles.

•We conducted interviews with the people in charge ofdefining, applying and enforcing the Policies.

•We performed walk-through tests to check the correct
application of the Policies.

•We verified the amount of assets under management (as ofJune 30, 2022) aligned with the Impact Principles.

•We examined the integrity of the information provided in theDisclosure Statement in relation to the Policies.

IFC’s responsibilities
It is IFC’s responsibility to define the necessary processes, roles
and responsibilities to align its organization with the Impact
Principles. It is also its responsibility to prepare and publicly
disclose, on an annual basis, a report describing the alignmentof its Policies with the Impact Principles and, at regular intervals,arrange for independent verification of this alignment. Thesedisclosures are available on the Impact Principles website.
Our responsibility
Our responsibility is to (i) plan and perform the engagement toobtain limited assurance about whether the Policies are alignedwith the Impact Principles; (ii) form an independent conclusion
based on the procedures we have performed and the evidence
we have obtained; and (iii) report our conclusion to IFC’s Chief
Executive Officer.

Paris-La Défense, October 28, 2022

However, our responsibility does not include assessing theeffectiveness of IFC’s impact measurement approach, norverifying the resulting impacts achieved.
As we are engaged to form an independent conclusion, we are
not permitted to be involved in the preparation of the Policies orof the Impact Principles’ Disclosure Statement, as doing so may
compromise our independence.
Professional Standards Applied
We have performed a limited assurance engagement inaccordance with International Standard on Assurance
Engagements 3000 (Revised) Assurance Engagements otherthan Audits or Reviews of Historical Financial Information issued
by the International Auditing and Assurance Standards Board.
The procedures performed in a limited assurance engagement
vary in nature and timing from, and are less in extent than for, areasonable assurance engagement. Consequently, the level ofassurance obtained in a limited assurance engagement issubstantially lower than the assurance that would have beenobtained had we performed a reasonable assuranceengagement.
Our independence and quality control
We have complied with the independence and other ethicalrequirements of the International Code of Ethics for Professional
Accountants (including International Independence Standards)
issued by the International Ethics Standards Board for
Accountants, which is founded on fundamental principles ofintegrity, objectivity, professional competence and due care,confidentiality and professional behavior.

Caroline Delérable, Partner
EY & Associés
1-2, place des Saisons92400 Courbevoie - Paris-La Défense 1