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Affiliates – Oriental Consultant A strong and engaged private sector is indispensable to ending extreme poverty and boosting shared prosperity. That’s where IFC comes in—we have more than 60 years of experience in unlocking private investment, creating markets and opportunities where they’re needed most. Since 1956, IFC has leveraged $2.6 billion in capital to deliver more than $285 billion in financing for businesses in developing countries.

In the developing world, 2.5 billion adults don’t have a bank account and 200 million businesses lack access to credit. IFC works through financial institutions to provide much-needed access to finance for millions of individuals and micro, small, and medium enterprises that we would never be able to reach directly. This is an important part of the World Bank Group strategy to end extreme poverty and build shared prosperity.

Working with local financial intermediaries allows IFC to support far more micro, small, and medium enterprises than we would on our own.

IFC is committed to the World Bank Group goal of achieving universal access to finance by 2020.

In order to do this, IFC works with about 800 financial institutions with products including investment and advisory support for microfinance, insurance, loans to small and medium enterprises and women-owned businesses, and low- and medium-income mortgages.

Our work in more than 100 countries has helped strengthen financial institutions and systems, reinforcing responsible finance, enabling them to play a constructive role in economic growth, and introducing environmental and social standards in many clients for the first time.

In fiscal year 2018, IFC clients, directly or indirectly, were able to provide over 8 million loans to small and medium enterprises worth a total of $365 billion, and 54 million micro-loans to individuals, worth $74 billion..

Affiliates – Oriental Consultant Our expertise and advice help our clients address systemic issues such as risk management, corporate governance, and the introduction of environmental and social standards. We also encourage financial institutions to become more involved in strategic sectors that are important to the development agenda, including women-owned businesses, trade finance, climate change, and agri-finance, and underserved regions such as fragile and conflict-affected states.

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