Impact Notes Factsheet

An Attractive Alternative Investment to U.S. Agency Debt

Impact Notes

About IFC

IFC’s Impact Notes are a flexible financial vehicle that offers retail investors in theUnited States an opportunity to buy triple-A rated IFC bonds and support private
sector development in emerging markets while earning a financial return.

IFC, a member of the World

Launched in 2014, IFC’s Impact Notes Program has the potential to offer more
attractive yields than U.S. Treasuries with equivalent maturities, while empowering
U.S. individual investors to contribute to sustainable and inclusive growth where
it’s needed most. IFC’s Impact Notes are available through an extensive network ofbanks, broker-dealers, and other intermediaries via the InspereX platform.

on the private sector in emerging

The Impact Notes are issued through IFC’s Global Medium Term Note (GMTN)
Program, complemented by the Impact Notes Prospectus Supplement.

Bank Group, is the largest global
development institution focusedmarkets. We work in more than
100 countries, using our capital,
expertise, and influence to create
markets and opportunities indeveloping countries. In fiscal year
2024, IFC committed a record $56
billion to private companies andfinancial institutions in developing

Our Impact Notes Featurescountries, leveraging private•

AAA-rated senior unsecured notes.

•sector solutions and mobilizing•

An attractive alternative to U.S.
agency debt.

Offered in fixed, step-up, andfloating rate structures.

•

Offered under IFC’s green orsocial themes.

free of poverty on a livable planet.

•Cleared and settled throughDepository Trust Company (DTC).

•Issued in U.S. dollars.

•Available in denominations of$1,000 x $1,000.

Green Impact Notes
In September 2014, IFC issued its first green impact note, allowing retail investors
in the U.S. to buy triple-A rated bonds that support renewable energy and energy
efficiency investments in developing countries. Today, eligible projects include
those that contribute to environmental objectives such as:

Climate Change
Mitigation

Climate Change
Adaptation

Biodiversity
Conservation

Ocean And Water
Conservation

Social Impact Notes
In 2019, IFC launched the Social Impact Notes Program to support projects that
promote positive social outcomes for disadvantaged groups in society. Examples
include projects that aim to enhance:
Inclusive Business: Lending to companies that provide livelihood
opportunities and close access gaps for people living at the “baseof the economic pyramid” by integrating them into value chains as
suppliers, employees, distributors, retailers, and customers using
commercially viable methods.

private capital to create a world

The stable outlook reflects S&P
Global Ratings’ expectation thatIFC will maintain high capital,
strong liquidity, and robust
risk management policies.
We expect IFC will continue
to deliver on its mandate asits operational and financial
model overhaul in recent years
positions it to further mobilize
higher levels of private-sector
investment and play a central
role in the One World Bank
strategy to end extreme poverty
and boost shared prosperity ona livable planet.
S&P, GLOBAL RATING,
March 2024.

Banking on Women: Lending to financial intermediaries
with the requirement that the funds will be subsequently
loaned to women-owned enterprises.

AAA Rating
Considerations

Social Bond Principles Eligible Projects: Lending toprojects that meet the criteria stipulated in the International
Capital Market Association (ICMA) Social Bond Principles.

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.
Liquidity Coverage Ratio

Leverage

Capital Utilization Ratio: 60.5%

Percentage of estimated net cash
requirements for the next 3 years

Debt to equity ratio

USD billions

CapitalAvailableMax

ActualCapitalRequiredMin•

Owned by 186 member
countries, with over
50% of capital owned by
AAA/AA sovereigns.

•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 portfoliowith exposure spanning
118 countries and over
2,000 companies•

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

•

Assigned a 0% risk
weighting under theBasel Framework.

Actual

45%

81%

4.0X

1.7X

$22.2

$36.6

This document does not constitute an offer or recommendation to purchase any notes issued by IFC.

Photo credit: IFC/ramz

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 Officer
zkezheneva@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 BillHead 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/investors

TOKYOInvestor Relations
Yutaka Yasui
Senior Financial Officer
yyasui@ifc.org