Industry Results

Development Outcome Reach

AGRIBUSINESS & FORESTRYAGRIBUSINESS & FORESTRYPORTFOLIOIn FY23, our new long-term commitments in agribusiness and forestry totaled about$3 billion, including $1.9 billion mobilized from other investors.
Learn more about IFC’s work in Agribusiness & Forestry.

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

AGRIBUSINESS & FORESTRY
Long-term investment commitments

FY23

1,100

Loans

1,079

Equity7Guarantees and risk management

CY22

CY21

Employment

415,785

436,361

Female employment

100,586

113,538

Proportion of board seats held by women

18%

20%

Proportion of senior management positions held by women

21%

21%

Farmers reached (millions) 1, 2

2.6

2.9

Community development outlay ($ millions)3

171

35

Domestic purchases ($ millions)

19,696

20,100

Payments to governments ($ millions)4

1,322

3,554

1. Including all reach in IFC.		
2. CY21 Farmers Reached revised due to the restatement of one client value in Africa.		
3. One client in East Asia and the Pacific contributed $169 million Community Development Outlayin CY22.		
4.	C Y21 Payments to Governments from IFC Direct Investment revised due to the restatement of one
client value in Latin America and the Caribbean.		

14Core mobilization1

1,874

Total commitments

2,974

Portfolio Exposure2 for IFC’s account

4,075

Committed portfolio for loan syndications3

1,855

Total Portfolio Exposure

5,931

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

IFC ANNUAL REPORT 2023

Industry Results
DISRUPTIVE TECHNOLOGY

Development Outcome Reach
PORTFOLIODISRUPTIVE TECHNOLOGY

CY22

CY21

Employment 1

98,14872,517

Female employment

33,35522,93714%

12%

Proportion of board seats held by women
Proportion of senior management positions held by women

23%

20%

Payments to governments ($ millions)

606.4

188.7Reach through Client Platforms
Active farmers (incl. smallholders) (millions of people)2Student enrollments (millions of enrollments)3

2.1

2.0

157.7

93.4

3.9

8.9

Passenger trips (millions)

645.5

495.2

Shipments transported (millions)

27.2

205.2

Active service providers (millions of developers/drivers) 1

9.2

1.8

Active businesses selling/procuring on the platform (millions)

0.5

1.6

Active individuals selling/buying on the platform (millions)

8.1

16.8

Patient consultations (millions of consultations)4

1. Employment: independent contractors active on digital platforms, such as drivers on e-mobility
platforms, are excluded from the definition of employment and exclusively included as “active serviceproviders.”
2. Active farmers: the definition of “farmers’ in technology projects does not account for the numberof workers per farm. Hence, the definition is distinct from the definition of “farmers” under MAS/Agribusiness, which incorporates the employees of farmers.
3. Student enrollments: the number of enrollments have not been converted to Full-Time Equivalents,
as is the case under the definition of “enrollments” under MAS/Education. Hence, it is important tonote that “enrollments” in technology projects are not expected to involve full-time courses, and do
not necessarily cover completed courses.
4. Patient consultations: only includes health services (e.g., online diagnostics, genetic testing), andexcludes conversions from e-pharmacy purchases to consultations, as is the practice under
MAS/Health.

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

FINANCIAL INSTITUTIONSFINANCIAL INSTITUTIONSPORTFOLIOCY22CY21

1,744,459

411,610

675,839

235,635

Proportion of board seats held by women

17%

21%

Proportion of senior management positions held by women

40%

28%

545,382

520,002

16.9

14.6

120,486

103,453

Employment

In FY23, our new long-term commitments in financial institutions totaled $12.7 billion,
including $4 billion mobilized from other investors.
Learn more about IFC’s work with Financial Institutions.

Female employment

SME loans ($ millions) 1, 2
SME loans (millions of loans) 1, 2

Project Financing and Portfolio, by Industry

Microfinance loans ($ millions)

1, 2Microfinance loans (millions of loans) 1$ millions, for the year ending June 30

Housing finance loans ($ millions)3

FINANCIAL INSTITUTIONS

FY23

57.2

42.4

50,80744,940

Housing finance loans (millions of loans)3

2.98

2.68

8,602

Trade finance transactions ($ billions)

243

226

Loans

7,863

Trade finance transactions (millions of transactions) 4

1.7

1.8

Equity139

Guarantees and risk management

600

Long-term investment commitments

4

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.

Core mobilization1

4,109

Total commitments

12,711

3. Portfolio reach figures represent housing finance loans outstanding for housing finance-oriented
financial institutions. CY21 includes the data from 35 housing finance clients.

Portfolio Exposure2 for IFC’s account

26,986

4. The total number and dollar volume of trade transactions financed by the Global Trade Finance
Program’s network of emerging-market banks are based on actual data from 100% of the network’s
active banks for CY22. This data represents total transactions executed by network banks supportedby the GTFP program. The figures are not directly comparable to last year’s due to variance in thenumber of active banks in the program and those who submitted survey responses. CY21 data has
been updated to reflect prior-year data corrections from survey participants.

Committed portfolio for loan syndications3

4,928

Total Portfolio Exposure4

31,914

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

Global Trade Finance Program Results1

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

$ millions
FY23

FY22

9,888

8,142

IDA Countries

6,867

5,146

FCS Countries

3,162

231

Sub-Saharan Africa

3,899

3,021

South-South3

4,544

3,818

4. Includes short-term finance.		

Total Trade Supported2

1. Figures in this table represent trade supported by IFC guarantees issued through the Global Trade
Finance Program in support of the payment obligations of emerging-market banks.
2. Total trade supported is the total value of goods traded under IFC guarantee. For IDA, FCS, and subSaharan Africa, it is measured as the value of goods where the region or classification in question was
the origin and/or destination of shipment (i.e., on either end of the trade transaction).
3. South-South total trade supported is measured as the total value of goods traded under IFC guarantee
where the shipment’s country of origin and country of destination are South countries, defined as IFC
member countries where IFC can undertake investment and advisory operations.		

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

FUNDS

FUNDS

PORTFOLIOIn FY23, we made about $1.9 billion in long-term investments in this sector, including$900 million mobilized from other investors.
Learn more about IFC’s work in Funds.

Project Financing and Portfolio, by Industry

Long-term investment commitments

FY23990
91

Equity899

Guarantees and risk management

39,493

9,658

Female employment

16,011

3,456

Proportion of board seats held by women

14%

11%

Proportion of senior management positions held by women

19%

14%

1,951,770

2,621,200

Female employment

499,885

634,375

New employment

691,384

639,707

Female new employment

172,650

174,390

4,221

6,079

–Payments to governments ($ millions)
Proportion of senior management positions held by women

31%

30%

Proportion of investees owned/founded by women

17%

15%

865

Total commitments

1,855

Portfolio Exposure2 for IFC’s account6,929Committed portfolio for loan syndications3
Total Portfolio Exposure

Employment

Employment

Loans

Core mobilization1

CY21

Fund Managers

Investee Companies$ millions, for the year ending June 30

FUNDS

CY22356,964

1. Including Loan Syndications (B-Loans, Parallel Loans, and MCPP Loans), IFC Initiatives, AMC, Other
Mobilization by Decision, and Public-Private Partnerships (PPP) Mobilization.
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 and MCPP Loans.

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

HEALTH & EDUCATIONHEALTH & EDUCATIONPORTFOLIOIn FY23, our new long-term commitments in health and education totaled$609 million, including $104 million mobilized from other investors.

CY22

CY21

Employment

314,079

284,575

Female employment

174,607

153,626

17%

20%

Proportion of board seats held by women

Learn more about IFC’s work in Health & Education.

Proportion of senior management positions held by women

33%63%

Patients served (millions) 1, 2

329.5

52.1

606,890816,165

Female students reached

315,759

412,094

Domestic purchases ($ millions)

5,145

2,599

372

3,605

Students reached3

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

Payments to governments ($ millions)

HEALTH & EDUCATION
Long-term investment commitments

FY23505

Loans

451

Equity52

Guarantees and risk management

104

Total commitments

609

Committed portfolio for loan syndications3
Total Portfolio Exposure

2. One client in East Asia and the Pacific contributed 300 million Patients Served in CY22.
3. One client in East Asia and the Pacific contributed 304,500 Students Reached in CY22.

2Core mobilization1

Portfolio Exposure2 for IFC’s account

1. CY21 Patients Served revised due to the restatement of one client value in Africa.		

3,901
780
4,681

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

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

INFRASTRUCTURE

INFRASTRUCTURE

PORTFOLIOIn FY23, our new long-term investments in infrastructure totaled about $4.4 billion,
including $1.9 billion mobilized from other investors.
Learn more about IFC’s work in Infrastructure.

CY22CY21

Employment

179,592

181,079

Female employment

36,392

32,91917%10%

Proportion of board seats held by women
Proportion of senior management positions held by women

12%

32%

Power generation (millions of people) 1

52.2

58.8

83,60897,801

17.5

11.3

Power generation (GWh) 1

Project Financing and Portfolio, by Industry

Power distribution (millions of people)
Water distribution (millions of people)$ millions, for the year ending June 30

Airport passengers (millions)2

INFRASTRUCTURE

FY23

1.9
17.5

–2.2

2,447

Road/bus/rail passengers (millions)3

29.4

16.3

Loans

2,189

Containers handled (M TEU containers)

4.88.0Equity204

Sewage and wastewater treated (Mm3) 446

1,743

55

Payments to governments ($ millions)

1,442

823

Domestic purchases ($ millions)

1,024

1,313

Long-term investment commitments

Guarantees and risk management
Core mobilization1

1,912

Total commitments

4,359

Portfolio Exposure2 for IFC’s account10,146

Committed portfolio for loan syndications3

3,136

Total Portfolio Exposure

13,282

Airline passengers (millions)–26.0

1. Including all reach in IFC.		
2. One client in Latin America and the Caribbean contributed 18.62 million Airport customers in CY22.
3. One client in Central Asia and Türkiye contributed 29.4 million Road/Bus/Rail Passengers in CY22.
4. One client in East Asia and the Pacific contributed 25.4 Mm3 Sewage and Wastewater Treated in CY22.

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

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

MANUFACTURING

MANUFACTURINGPORTFOLIOIn FY23, our new long-term commitments in the manufacturing sector totaled morethan $2.7 billion, including $1.2 billion mobilized from other investors.
Learn more about IFC’s work in Manufacturing.

CY22

CY21

Employment

434,353

319,354

Female employment

181,378

118,902

18%

15%

Proportion of board seats held by women
Proportion of senior management positions held by women

17%

12%

Domestic purchases ($ millions) 1

9,489

22,159893

1,122

Payments to governments ($ millions)

Project Financing and Portfolio, by Industry

1. CY21 Domestic Purchases revised due to the restatement of one client value in South Asia.

$ millions, for the year ending June 30

MANUFACTURING

FY23

Long-term investment commitments

1,519

Loans

1,273

Equity161

Guarantees and risk management

85

Core mobilization1

1,222

Total commitments

2,740

Portfolio Exposure2 for IFC’s account

5,240

Committed portfolio for loan syndications3

2,095

Total Portfolio Exposure

7,334

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

.

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

NATURAL RESOURCES

NATURAL RESOURCESPORTFOLIO

Employment

CY22CY21

7,574

16,223In FY23, our new long-term commitments in natural resources totaled $560 million,
including $558 million mobilized from other investors.

Female employment

612

1,571

Proportion of board seats held by women

20%

15%

Learn more about our work in Natural Resources.

Proportion of senior management positions held by women

23%

3%

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

NATURAL RESOURCES

Gas distribution (millions of people)––

Community development outlay ($ millions)51

57

Domestic purchases ($ millions)

737

750

Payments to governments ($ millions)

392

1,247

FY23

Long-term investment commitments

2Loans–Equity2

Guarantees and risk management–Core mobilization1

558

Total commitments

560

Portfolio Exposure2 for IFC’s account

1,260

Committed portfolio for loan syndications3

1,233

Total Portfolio Exposure

2,493

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

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

TELECOMMUNICATIONS & INFORMATION TECHNOLOGYTELECOMMUNICATIONS & INFORMATION TECHNOLOGYPORTFOLIOIn FY23, our new commitments in this sector totaled more than $1.1 billion, including$377 million mobilized from other investors.

CY22

CY21

Employment

27,393

20,784

Female employment

5,649

3,309

Proportion of board seats held by women

24%

24%

Proportion of senior management positions held by women

22%

28%

Phone connections (millions of people) 1

101

91

Project Financing and Portfolio, by Industry

Internet connections (millions of people)2

63

62

Data center capacity (MW)384

192$ millions, for the year ending June 30

Payments to governments ($ millions)

131

400

Learn more about our work in Telecommunications & Information Technology.

TELECOMMUNICATIONS & INFORMATION TECHNOLOGYLong-term investment commitments

FY23747

Loans

503

Equity243

Guarantees and risk management
Core mobilization1

3. CY21 Data Center Capacity revised due to the restatement of one client value in Europe.

–1,123

Portfolio Exposure2 for IFC’s account

3,778

Total Portfolio Exposure

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

377

Total commitments

Committed portfolio for loan syndications3

1. One client in South Asia contributed 54.4 million Phone Connection customers in CY22.

547
4,326

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

IFC ANNUAL REPORT 2023

Industry Results

Development Outcome Reach

TOURISM, RETAIL & PROPERTYTOURISM, RETAIL & PROPERTYPORTFOLIOIn FY23, our new long-term commitments in tourism, retail, and property totaled
about $1.1 billion, including $321 million mobilized from other investors.

88,31656,823

18%

43%

29%

57%

Domestic purchases ($ millions) 1

12,785

7,767

Payments to governments ($ millions)

1,501

883

765
686

Equity54

Guarantees and risk management

25321

Total commitments

1,087

Portfolio Exposure2 for IFC’s account

4,210

Total Portfolio Exposure

Female employment

FY23

Loans

Committed portfolio for loan syndications3

169,388

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

$ millions, for the year ending June 30

Core mobilization1

166,280

Proportion of senior management positions held by women

Project Financing and Portfolio, by Industry

Long-term investment commitments

CY21

Employment
Proportion of board seats held by women

Learn more about IFC’s work in Tourism, Retail & Property.

TOURISM, RETAIL & PROPERTYCY22703
4,913

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

IFC ANNUAL REPORT 2023