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<br /> ВОЗДЕЙСТВИЕ<br /> ИННОВАЦИИ<br /> ВЛИЯНИЕ<br /> ДЕМОНСТРАЦИЯ<br /> IMPACTO<br /> INNOVACIÓN<br /> INFLUENCIA<br /> DEMOSTRACIÓN<br /> IMPACT<br /> INNOVATION<br /> INFLUENCE<br /> DÉMONSTRATION<br /> 效益<br /> ܇新<br /> 影响<br /> 示范<br /> IMPACT<br /> INNOVATION<br /> INFLUENCE<br /> DEMONSTRATION<br /> インパクト<br /> イノベーション<br /> 影響力<br /> デモンストレーション<br /> IMPACTO<br /> INOVAÇÃO<br /> INFLUÊNCIA<br /> DEMONSTRAÇÃO<br /> ВОЗДЕЙСТВИЕ<br /> ИННОВАЦИИ<br /> ВЛИЯНИЕ<br /> ДЕМОНСТРАЦИЯ<br /> IMPACTO<br /> INNOVACIÓN<br /> INFLUENCIA<br /> DEMOSTRACIÓN<br /> IMPACT<br /> INNOVATION<br /> INFLUENCE<br /> DÉMONSTRATION<br /> 效益<br /> IMPACT<br /> ܇新<br /> 影响<br /> 示范<br /> INNOVATION<br /> INFLUENCE<br /> DEMONSTRATION<br /> インパクト<br /> イノベーション<br /> 影響力<br /> デモンストレーション<br /> IMPACTO<br /> INOVAÇÃO<br /> INFLUÊNCIA<br /> DEMONSTRAÇÃO<br /> ВОЗДЕЙСТВИЕ<br /> ИННОВАЦИИ<br /> ВЛИЯНИЕ<br /> ДЕМОНСТРАЦИЯ<br /> IMPACTO<br /> INNOVACIÓN<a title="IFC 2012 Annual Report page 1" href="http://viewer.zmags.com/publication/40ef4be2?page=1"> ВОЗДЕЙСТВИЕ ИННОВАЦИИ ВЛИЯНИЕ ДЕМОНСТРАЦИЯ IMPACT</a> <a title="IFC 2012 Annual Report page 2" href="http://viewer.zmags.com/publication/40ef4be2?page=2"> 2–5 IMPACT Leadership Persp</a> <a title="IFC 2012 Annual Report page 3" href="http://viewer.zmags.com/publication/40ef4be2?page=3"> ABOUT IFC IFC, a member of the World Bank Group,</a> <a title="IFC 2012 Annual Report page 4" href="http://viewer.zmags.com/publication/40ef4be2?page=4"> 2 MESSAGE FROM ROBERT B. ZOELLICK, W</a> <a title="IFC 2012 Annual Report page 5" href="http://viewer.zmags.com/publication/40ef4be2?page=5"> MESSAGE FROM JIM YONG KIM, INCOMING WORLD BANK GR</a> <a title="IFC 2012 Annual Report page 6" href="http://viewer.zmags.com/publication/40ef4be2?page=6"> 4 MESSAGE FROM LARS H. THUNELL, IFC </a> <a title="IFC 2012 Annual Report page 7" href="http://viewer.zmags.com/publication/40ef4be2?page=7"> 5 Recent economic</a> <a title="IFC 2012 Annual Report page 8" href="http://viewer.zmags.com/publication/40ef4be2?page=8"> 6 THIS IS THE STORY OF IFC'S </a> <a title="IFC 2012 Annual Report page 9" href="http://viewer.zmags.com/publication/40ef4be2?page=9"> Five years ago, IFC was an institution focused on</a> <a title="IFC 2012 Annual Report page 10" href="http://viewer.zmags.com/publication/40ef4be2?page=10"> 8 </a> <a title="IFC 2012 Annual Report page 11" href="http://viewer.zmags.com/publication/40ef4be2?page=11"> AFRICA AMC PARTNERS CLIENTS IDA </a> <a title="IFC 2012 Annual Report page 12" href="http://viewer.zmags.com/publication/40ef4be2?page=12"> IFC INVESTMENT COMMITTED INVE</a> <a title="IFC 2012 Annual Report page 13" href="http://viewer.zmags.com/publication/40ef4be2?page=13"> 11 IMPACT GROWTH </a> <a title="IFC 2012 Annual Report page 14" href="http://viewer.zmags.com/publication/40ef4be2?page=14"> 12 FOCUS ON FRONTIER AND IDA COUNTRIES We stre</a> <a title="IFC 2012 Annual Report page 15" href="http://viewer.zmags.com/publication/40ef4be2?page=15"> 250,000 JOBS IN SUB-SAHARAN AFRICA LAST YEAR </a> <a title="IFC 2012 Annual Report page 16" href="http://viewer.zmags.com/publication/40ef4be2?page=16"> $3 TRILLION OUR CHINA SECURED TRANSACTIONS PROJEC</a> <a title="IFC 2012 Annual Report page 17" href="http://viewer.zmags.com/publication/40ef4be2?page=17"> 15 IMPACT ADVISO</a> <a title="IFC 2012 Annual Report page 18" href="http://viewer.zmags.com/publication/40ef4be2?page=18"> 16 IM</a> <a title="IFC 2012 Annual Report page 19" href="http://viewer.zmags.com/publication/40ef4be2?page=19"> MORE THAN 12,000 GUARANTEES ISSUED UNDER THE G</a> <a title="IFC 2012 Annual Report page 20" href="http://viewer.zmags.com/publication/40ef4be2?page=20"> 18 I</a> <a title="IFC 2012 Annual Report page 21" href="http://viewer.zmags.com/publication/40ef4be2?page=21"> NEARLY HALF OF AMC'S INVESTMENTS ARE IN THE POOR</a> <a title="IFC 2012 Annual Report page 22" href="http://viewer.zmags.com/publication/40ef4be2?page=22"> 20 A THOUGHT LEADER AND A CRITICAL PARTNER O</a> <a title="IFC 2012 Annual Report page 23" href="http://viewer.zmags.com/publication/40ef4be2?page=23"> 50+ WE PROVIDE FINANCING IN MORE THAN 50 LOCAL CU</a> <a title="IFC 2012 Annual Report page 24" href="http://viewer.zmags.com/publication/40ef4be2?page=24"> MORE THAN 1 MILLION PEOPLE HAVE BEEN REACHED THRO</a> <a title="IFC 2012 Annual Report page 25" href="http://viewer.zmags.com/publication/40ef4be2?page=25"> 23 BUILDING OUR BRAND We have solidified IFC</a> <a title="IFC 2012 Annual Report page 26" href="http://viewer.zmags.com/publication/40ef4be2?page=26"> 24 IN FY12, IFC'S INVESTMENTS AND ADVICE REMOVED </a> <a title="IFC 2012 Annual Report page 27" href="http://viewer.zmags.com/publication/40ef4be2?page=27"> 25 IFC FINANCIAL HIGHLIGHTS </a> <a title="IFC 2012 Annual Report page 28" href="http://viewer.zmags.com/publication/40ef4be2?page=28"> 26 IFC GLOBAL RESULTS In FY12, IFC invested a</a> <a title="IFC 2012 Annual Report page 29" href="http://viewer.zmags.com/publication/40ef4be2?page=29"> 27 $20.4 BILLION IN INVESTMENTS, INCLUDING $15.</a> <a title="IFC 2012 Annual Report page 30" href="http://viewer.zmags.com/publication/40ef4be2?page=30"> 28 FY12 COMMITMENTS Dollar a</a> <a title="IFC 2012 Annual Report page 31" href="http://viewer.zmags.com/publication/40ef4be2?page=31"> FY12 INVESTMENT SERVICES DOTS SCORE BY INDUSTRY </a> <a title="IFC 2012 Annual Report page 32" href="http://viewer.zmags.com/publication/40ef4be2?page=32"> Our seasoned team of executives ensures that IFC'</a> <a title="IFC 2012 Annual Report page 33" href="http://viewer.zmags.com/publication/40ef4be2?page=33"> Nena Stoiljkovic Rashad Kaldany Vice Pr</a> <a title="IFC 2012 Annual Report page 34" href="http://viewer.zmags.com/publication/40ef4be2?page=34"> 32 </a> <a title="IFC 2012 Annual Report page 35" href="http://viewer.zmags.com/publication/40ef4be2?page=35"> 33 A vibr</a> <a title="IFC 2012 Annual Report page 36" href="http://viewer.zmags.com/publication/40ef4be2?page=36"> 34 PRIVATE SECTOR DEVEL</a> <a title="IFC 2012 Annual Report page 37" href="http://viewer.zmags.com/publication/40ef4be2?page=37"> 35 IFC AND THE POWER OF THE PRIVATE SECTOR </a> <a title="IFC 2012 Annual Report page 38" href="http://viewer.zmags.com/publication/40ef4be2?page=38"> 36 PRIVATE SECTOR DEVEL</a> <a title="IFC 2012 Annual Report page 39" href="http://viewer.zmags.com/publication/40ef4be2?page=39"> 90% 37 </a> <a title="IFC 2012 Annual Report page 40" href="http://viewer.zmags.com/publication/40ef4be2?page=40"> 400 38 PRIVATE SECTOR D</a> <a title="IFC 2012 Annual Report page 41" href="http://viewer.zmags.com/publication/40ef4be2?page=41"> 39 OUR GLOBAL ROLE IN EXPANDING ACCESS TO FINAN</a> <a title="IFC 2012 Annual Report page 42" href="http://viewer.zmags.com/publication/40ef4be2?page=42"> 40 Develo</a> <a title="IFC 2012 Annual Report page 43" href="http://viewer.zmags.com/publication/40ef4be2?page=43"> 41 </a> <a title="IFC 2012 Annual Report page 44" href="http://viewer.zmags.com/publication/40ef4be2?page=44"> 42 OUR PRIORITY SECTORS</a> <a title="IFC 2012 Annual Report page 45" href="http://viewer.zmags.com/publication/40ef4be2?page=45"> 43 ADDRESSING CLIMATE CHANGE, AN URGENT PRIORI</a> <a title="IFC 2012 Annual Report page 46" href="http://viewer.zmags.com/publication/40ef4be2?page=46"> 44 OUR PRIORITY SECTORS</a> <a title="IFC 2012 Annual Report page 47" href="http://viewer.zmags.com/publication/40ef4be2?page=47"> 45 PROMOTING A VIRTUOUS CYCLE BY MODERNIZING </a> <a title="IFC 2012 Annual Report page 48" href="http://viewer.zmags.com/publication/40ef4be2?page=48"> 46 OUR PRIORITY SECTORS</a> <a title="IFC 2012 Annual Report page 49" href="http://viewer.zmags.com/publication/40ef4be2?page=49"> 30 47 </a> <a title="IFC 2012 Annual Report page 50" href="http://viewer.zmags.com/publication/40ef4be2?page=50"> 48 OUR PRIORITY SECTORS</a> <a title="IFC 2012 Annual Report page 51" href="http://viewer.zmags.com/publication/40ef4be2?page=51"> 49 PIONEERING LOCAL-CURRENCY FINANCE </a> <a title="IFC 2012 Annual Report page 52" href="http://viewer.zmags.com/publication/40ef4be2?page=52"> 50 </a> <a title="IFC 2012 Annual Report page 53" href="http://viewer.zmags.com/publication/40ef4be2?page=53"> 51 To fig</a> <a title="IFC 2012 Annual Report page 54" href="http://viewer.zmags.com/publication/40ef4be2?page=54"> 52 FRONTIER MARKETS </a> <a title="IFC 2012 Annual Report page 55" href="http://viewer.zmags.com/publication/40ef4be2?page=55"> 53 in</a> <a title="IFC 2012 Annual Report page 56" href="http://viewer.zmags.com/publication/40ef4be2?page=56"> 54 FRONTIER MARKETS $</a> <a title="IFC 2012 Annual Report page 57" href="http://viewer.zmags.com/publication/40ef4be2?page=57"> 55 IMPROVING LIVES IN FRONTIER REGIONS OF MI</a> <a title="IFC 2012 Annual Report page 58" href="http://viewer.zmags.com/publication/40ef4be2?page=58"> 56 FRONTIER MARKETS </a> <a title="IFC 2012 Annual Report page 59" href="http://viewer.zmags.com/publication/40ef4be2?page=59"> 57 HELPING COUNTRIES RECOVER FR</a> <a title="IFC 2012 Annual Report page 60" href="http://viewer.zmags.com/publication/40ef4be2?page=60"> 58 Global econom</a> <a title="IFC 2012 Annual Report page 61" href="http://viewer.zmags.com/publication/40ef4be2?page=61"> 59 </a> <a title="IFC 2012 Annual Report page 62" href="http://viewer.zmags.com/publication/40ef4be2?page=62"> 60 MOBILIZING FOR MAXIM</a> <a title="IFC 2012 Annual Report page 63" href="http://viewer.zmags.com/publication/40ef4be2?page=63"> 61 1,460 MILES LENGTH OF THE VITAL KENYA-UGANDA R</a> <a title="IFC 2012 Annual Report page 64" href="http://viewer.zmags.com/publication/40ef4be2?page=64"> 62 MOBILIZING FOR MAXIM</a> <a title="IFC 2012 Annual Report page 65" href="http://viewer.zmags.com/publication/40ef4be2?page=65"> 63 </a> <a title="IFC 2012 Annual Report page 66" href="http://viewer.zmags.com/publication/40ef4be2?page=66"> 64 MOBILIZING FOR MAXIM</a> <a title="IFC 2012 Annual Report page 67" href="http://viewer.zmags.com/publication/40ef4be2?page=67"> 25% 65 </a> <a title="IFC 2012 Annual Report page 68" href="http://viewer.zmags.com/publication/40ef4be2?page=68"> 66 Stay Connected Web and Social-</a> <a title="IFC 2012 Annual Report page 69" href="http://viewer.zmags.com/publication/40ef4be2?page=69"> CREDITS A product of IFC Corporate Relations. D</a> <a title="IFC 2012 Annual Report page 70" href="http://viewer.zmags.com/publication/40ef4be2?page=70"> </a> <a title="IFC 2012 Annual Report page 71" href="http://viewer.zmags.com/publication/40ef4be2?page=71"> ВОЗДЕЙСТВИЕ ИННОВАЦИИ ВЛИЯНИЕ ДЕМОНСТРАЦИЯ IMPACT</a> <a title="IFC 2012 Annual Report page 72" href="http://viewer.zmags.com/publication/40ef4be2?page=72"> RESULTS IFC's strong financial position—and recor</a> <a title="IFC 2012 Annual Report page 73" href="http://viewer.zmags.com/publication/40ef4be2?page=73"> DELIVERING ON OUR VISION IFC STRIVES TO DELIV</a> <a title="IFC 2012 Annual Report page 74" href="http://viewer.zmags.com/publication/40ef4be2?page=74"> 2 </a> <a title="IFC 2012 Annual Report page 75" href="http://viewer.zmags.com/publication/40ef4be2?page=75"> 3 Scorecard IFC's Performance on S</a> <a title="IFC 2012 Annual Report page 76" href="http://viewer.zmags.com/publication/40ef4be2?page=76"> 4 </a> <a title="IFC 2012 Annual Report page 77" href="http://viewer.zmags.com/publication/40ef4be2?page=77"> LOCAL COMMUNITIES Our policies, processe</a> <a title="IFC 2012 Annual Report page 78" href="http://viewer.zmags.com/publication/40ef4be2?page=78"> 6 </a> <a title="IFC 2012 Annual Report page 79" href="http://viewer.zmags.com/publication/40ef4be2?page=79"> 7 Where We Work As the large</a> <a title="IFC 2012 Annual Report page 80" href="http://viewer.zmags.com/publication/40ef4be2?page=80"> 8 </a> <a title="IFC 2012 Annual Report page 81" href="http://viewer.zmags.com/publication/40ef4be2?page=81"> 9 TRADE FINANCE The IF</a> <a title="IFC 2012 Annual Report page 82" href="http://viewer.zmags.com/publication/40ef4be2?page=82"> 10 </a> <a title="IFC 2012 Annual Report page 83" href="http://viewer.zmags.com/publication/40ef4be2?page=83"> IFC ASSET MANAGEMENT COMPANY IFC Asset Managemen</a> <a title="IFC 2012 Annual Report page 84" href="http://viewer.zmags.com/publication/40ef4be2?page=84"> 12 IFC's leadership role</a> <a title="IFC 2012 Annual Report page 85" href="http://viewer.zmags.com/publication/40ef4be2?page=85"> INFRASTRUCTURE Modern infrastructure spurs econom</a> <a title="IFC 2012 Annual Report page 86" href="http://viewer.zmags.com/publication/40ef4be2?page=86"> 14 IFC PERFORMANCE STAND</a> <a title="IFC 2012 Annual Report page 87" href="http://viewer.zmags.com/publication/40ef4be2?page=87"> SUSTAINABLE AGRICULTURE How companies make use o</a> <a title="IFC 2012 Annual Report page 88" href="http://viewer.zmags.com/publication/40ef4be2?page=88"> OUR PEOPLE + PRACTICES IFC'S COMMITMENT TO ALL</a> <a title="IFC 2012 Annual Report page 89" href="http://viewer.zmags.com/publication/40ef4be2?page=89"> Our history shows we learn from experi- ence and </a> <a title="IFC 2012 Annual Report page 90" href="http://viewer.zmags.com/publication/40ef4be2?page=90"> 18 </a> <a title="IFC 2012 Annual Report page 91" href="http://viewer.zmags.com/publication/40ef4be2?page=91"> The IFC Development Goals 1: Agribusiness Increas</a> <a title="IFC 2012 Annual Report page 92" href="http://viewer.zmags.com/publication/40ef4be2?page=92"> 20 </a> <a title="IFC 2012 Annual Report page 93" href="http://viewer.zmags.com/publication/40ef4be2?page=93"> the economic slowdown in India, which hurt client</a> <a title="IFC 2012 Annual Report page 94" href="http://viewer.zmags.com/publication/40ef4be2?page=94"> 22 </a> <a title="IFC 2012 Annual Report page 95" href="http://viewer.zmags.com/publication/40ef4be2?page=95"> ADVISORY SERVICES RESULTS Development effectiven</a> <a title="IFC 2012 Annual Report page 96" href="http://viewer.zmags.com/publication/40ef4be2?page=96"> 24 </a> <a title="IFC 2012 Annual Report page 97" href="http://viewer.zmags.com/publication/40ef4be2?page=97"> INVESTMENT SERVICES DOTS SCORE BY PERFORMANCE ARE</a> <a title="IFC 2012 Annual Report page 98" href="http://viewer.zmags.com/publication/40ef4be2?page=98"> 26 IFC's employees are d</a> <a title="IFC 2012 Annual Report page 99" href="http://viewer.zmags.com/publication/40ef4be2?page=99"> COMPENSATION IFC's compensation guidelines are pa</a> <a title="IFC 2012 Annual Report page 100" href="http://viewer.zmags.com/publication/40ef4be2?page=100"> 28 </a> <a title="IFC 2012 Annual Report page 101" href="http://viewer.zmags.com/publication/40ef4be2?page=101"> 29 </a> <a title="IFC 2012 Annual Report page 102" href="http://viewer.zmags.com/publication/40ef4be2?page=102"> 30 INDEPENDENT EVALUATIO</a> <a title="IFC 2012 Annual Report page 103" href="http://viewer.zmags.com/publication/40ef4be2?page=103"> social standards, and it delivers inde- pendent a</a> <a title="IFC 2012 Annual Report page 104" href="http://viewer.zmags.com/publication/40ef4be2?page=104"> 32 FORMING PRODUCTIVE PA</a> <a title="IFC 2012 Annual Report page 105" href="http://viewer.zmags.com/publication/40ef4be2?page=105"> Bihar, one of India's poorest and most popu- lous</a> <a title="IFC 2012 Annual Report page 106" href="http://viewer.zmags.com/publication/40ef4be2?page=106"> 34 PORTFOLIO MANAGEMENT </a> <a title="IFC 2012 Annual Report page 107" href="http://viewer.zmags.com/publication/40ef4be2?page=107"> ment is determined using IFC's risk- based econom</a> <a title="IFC 2012 Annual Report page 108" href="http://viewer.zmags.com/publication/40ef4be2?page=108"> 36 IFC'S APPROACH TO SUS</a> <a title="IFC 2012 Annual Report page 109" href="http://viewer.zmags.com/publication/40ef4be2?page=109"> managing environmental and social risks; and the </a> <a title="IFC 2012 Annual Report page 110" href="http://viewer.zmags.com/publication/40ef4be2?page=110"> 38 </a> <a title="IFC 2012 Annual Report page 111" href="http://viewer.zmags.com/publication/40ef4be2?page=111"> 4 INVESTMENT REVIEW The project team makes its </a> <a title="IFC 2012 Annual Report page 112" href="http://viewer.zmags.com/publication/40ef4be2?page=112"> 40 </a> <a title="IFC 2012 Annual Report page 113" href="http://viewer.zmags.com/publication/40ef4be2?page=113"> for their agricultural products and will create o</a> <a title="IFC 2012 Annual Report page 114" href="http://viewer.zmags.com/publication/40ef4be2?page=114"> 42 </a> <a title="IFC 2012 Annual Report page 115" href="http://viewer.zmags.com/publication/40ef4be2?page=115"> 43 Material Areas </a> <a title="IFC 2012 Annual Report page 116" href="http://viewer.zmags.com/publication/40ef4be2?page=116"> 44 </a> <a title="IFC 2012 Annual Report page 117" href="http://viewer.zmags.com/publication/40ef4be2?page=117"> 45 Stakeholder Review Panel Statem</a> <a title="IFC 2012 Annual Report page 118" href="http://viewer.zmags.com/publication/40ef4be2?page=118"> 46 </a> <a title="IFC 2012 Annual Report page 119" href="http://viewer.zmags.com/publication/40ef4be2?page=119"> 47 IFC has reported inco</a> <a title="IFC 2012 Annual Report page 120" href="http://viewer.zmags.com/publication/40ef4be2?page=120"> 48 </a> <a title="IFC 2012 Annual Report page 121" href="http://viewer.zmags.com/publication/40ef4be2?page=121"> 49 2012 2011 </a> <a title="IFC 2012 Annual Report page 122" href="http://viewer.zmags.com/publication/40ef4be2?page=122"> 50 </a> <a title="IFC 2012 Annual Report page 123" href="http://viewer.zmags.com/publication/40ef4be2?page=123"> 51 AMC The activities of</a>