IFC, a member of the World Bank Group, with a portfolio of over $50 billion is the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable growth by financing investment, mobilizing capital in financial markets, and providing advisory services to businesses and governments. In FY16, IFC made investment commitments of nearly $19 billion including mobilizing $7.7 billion, leveraging the power of the private sector to create jobs, and tackle the world’s most pressing development challenges.
IFC works to maximize access to energy through private sector development of electricity generation, transmission, and distribution, while minimizing greenhouse-gas emissions. IFC has financed more than 350 power projects in over 65 countries. IFC’s investments are well-diversified by technology and geography. IFC supported the first independent power producers in Côte d’Ivoire, Senegal, Kenya, Togo, Uganda, and co-lead arranged DFI financing for the first IPP in Nigeria (Azura).