2003 Annual Report : Innovation, Impact, Sustainability--IFC's Commitment

2003 Annual Report : Innovation, Impact, Sustainability--IFC's Commitment

This annual report reviews the International Finance Corporation's (IFC) operations activity during FY03, a period that emphasized coordination, and mutually reinforcing efforts among World Bank Group units, particularly in pursuing private se...

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Bibliographic Details
Main Author: International Finance Corporation
Format: World Bank Annual Report
Language:English
en_US
Published: Washington, DC 2013
Subjects:
BANKRUPTCY
CAPITAL MARKETS
CARBON
CARBON EMISSIONS
CLEAN DEVELOPMENT MECHANISM
CLIMATE
COMMERCIAL BANKS
CONTRACT ENFORCEMENT
CORPORATE GOVERNANCE
DEVELOPED COUNTRIES
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC SITUATION
EMERGING MARKETS
EMPLOYMENT
EQUITY INVESTMENTS
FAMILIES
FINANCIAL INSTITUTIONS
FINANCIAL MANAGEMENT
FINANCIAL MARKETS
FINANCIAL SECTOR
FISCAL YEAR
FORESTRY
HOUSING
INNOVATION
INSURANCE
INTEREST RATES
INTERMEDIARIES
INTERNATIONAL BANKS
LAWS
LIVING STANDARDS
LOCAL GOVERNMENTS
LOW INCOME
MICROFINANCE
MULTILATERAL DEVELOPMENT BANKS
NONPERFORMING LOANS
OPERATING INCOME
POLLUTION
PRIVATE SECTOR
PRODUCTIVITY
PROFITABILITY
PROJECT FINANCING
PROPERTY RIGHTS
QUALITY OF LIFE
REORGANIZATION
RETAINED EARNINGS
RISK MANAGEMENT
SCHOOLS
SECURITIZATION
SOCIAL ISSUES
SUSTAINABLE DEVELOPMENT
TECHNICAL ASSISTANCE
WORKERS
WORKING CAPITAL
Online Access:http://documents.worldbank.org/curated/en/2003/06/2624624/international-finance-corporation-ifc-annual-report-2003-innovation-impact-sustainability-commitment-vol-1-3-main-report
http://hdl.handle.net/10986/14279
Description
Summary:This annual report reviews the International Finance Corporation's (IFC) operations activity during FY03, a period that emphasized coordination, and mutually reinforcing efforts among World Bank Group units, particularly in pursuing private sector development in client countries. The report stresses the need for support of IFC's priorities, including emerging, and frontier markets, technical assistance, and advisory services to help improve investment climates, and small and medium enterprises. Also underscored, is the significance of IFC's presence in difficult, country environments as a central component of its development mandate, while IFC's counter-cyclical role in the face of heightened investor uncertainty, and volatility of capital flows to developing countries, is recognized, as is the Corporation's performance within the annual portfolio performance review, despite continued difficulty in the global economic environment. IFC's financial management is reviewed, and its leadership for protecting the Corporation's financial integrity, without compromising its development mandate, was commendable, though the need to maintain profitability, while increasing development impacts, is stressed. The report presents financial highlights, particularly outlining IFC's commitment to innovation, impact, and sustainability, and further identifies the period's operational, and regional outlook. The annual review also summarizes the financial and portfolio reviews, as well as technical assistance and advisory services during FY03.

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