The report is the annual publication of the International Finance Corporation (IFC), a member of the World Bank Group that focuses on private-sector solutions for development. The report covers the fiscal year 2023, from July 1, 2022 to June 30, 2023. The main theme of the report is “Building a Better Future”, which reflects IFC’s vision of creating markets that are inclusive, sustainable, and resilient.
The report highlights IFC’s achievements and challenges in the following areas:
Supporting the recovery from the COVID-19 pandemic and its economic and social impacts, especially in low-income and fragile countries.
Advancing climate action and environmental, social, and governance (ESG) standards in the private sector, including through the launch of the Green Equity Approach and the Net Zero Banking Alliance.
Promoting digital transformation and innovation, such as through the ScaleX program for tech startups and the Digital2Equal initiative for gender equality in the digital economy.
Strengthening partnerships and mobilizing resources, such as through the IDA Private Sector Window, the Global Infrastructure Facility, and the MCPP Infrastructure program.
Enhancing IFC’s operational effectiveness and efficiency, such as through the implementation of the Anticipated Impact Measurement and Monitoring (AIMM) system, the adoption of a new capital framework, and the streamlining of business processes.
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