2003 Sustainability Review : 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 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.

Bibliographic Details

Main Author:	International Finance Corporation
Language:	English en_US
Published:	Washington, DC 2003
Subjects:	ANNUAL REPORTS, INVESTMENTS, FINANCIAL STATEMENTS, INVESTMENT ANALYSIS, EXCHANGE MARKETS, CAPITAL MOBILIZATION, TECHNICAL ASSISTANCE, FLOATING EXCHANGE RATES, FINANCIAL VOLATILITY, TRADE DEVELOPMENT, PRIVATE CAPITAL FLOWS, EUROCURRENCY MARKETS, RISK MANAGEMENT, DEBT MANAGEMENT, AQUIFERS, BANKRUPTCY, BUSINESS SECTORS, CAPITAL FLOWS, CAPITAL MARKETS, CARBON, CARBON EMISSIONS, CATALYTIC ROLE, COLLABORATION, COMMERCIAL BANKS, CONTRACT ENFORCEMENT, CORPORATE GOVERNANCE, DEBT, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC SITUATION, EMERGING MARKETS, EMPLOYMENT, ENVIRONMENTAL ISSUES, EQUITY INVESTMENTS, FARMS, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SERVICES, FISCAL YEAR, FOREIGN EXCHANGE, FORESTRY, HEALTH CARE, HOUSING, INCOME, INTERNATIONAL BANKS, LEARNING, LIVING STANDARDS, LOW INCOME, MICROFINANCE, MULTILATERAL DEVELOPMENT BANKS, MUNICIPAL GOVERNMENTS, MUNICIPALITIES, NONPERFORMING LOANS, POLLUTION, PRIVATE SECTOR, PRODUCTIVITY, PROFITABILITY, PROGRAMS, PROPERTY RIGHTS, REDUCING EMISSIONS, SEWAGE, SOCIAL DEVELOPMENT, SUBSIDIARY, SUSTAINABLE DEVELOPMENT, WATERSHED, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2003/06/2624653/international-finance-corporation-ifc-annual-report-2003-innovation-impact-sustainability-commitment-vol-3-3 https://hdl.handle.net/10986/14281
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