We must invest in enhancing our specialized knowledge in the sectors where we have major contributions to make, particularly in infrastructure, privatization, capital markets, and small enterprises. Environment will continue to be one of our highest priorities. IFC's management is committed to maintaining high standards of environmental work in new projects, in portfolio supervision, and in public disclosure of environment-related information. A key component of IFC's development impact is facilitating investment in environmentally and socially sustainable projects. We have an obligation to our shareholders and clients to lead the way in this field.
Portfolio management is another of our top priorities.
We must invest in managing this portfolio since it sustains our future growth. All this adds up to an ambitious program. Much has been accomplished, but much more remains to be done. I am pleased with what we have achieved this year and with the promise that our new directions hold for the future. In the coming year, we should be well positioned to achieve a great deal through the initiatives undertaken in FY97.