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The World Bank Group and the African Development Bank are committed to enhancing electricity access across Africa, with a goal of reaching 300 million people by 2030. Below, we outline our strategy for achieving this ambitious objective:
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Finance Prosperity 2024: An In-depth Analysis
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What We Do at IFC
At the International Finance Corporation IFC, we are dedicated to empowering private sectors worldwide, leveraging over six decades of experience to mobilize investments, create markets, and opportunities in underdeveloped countries.
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Our comprehensive offerings, which include investment, advisory services, asset management, trade finance volume, impact from small and medium enterprise loans, among other things, are designed to address the unique needs of each client.
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Through strategic partnerships with clients, we facilitate opportunities that help transform developing economies by stimulating growth, creating jobs, elevating lives, and enriching communities.
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IFC - a member of the World Bank Group - is committed to empowering entrepreneurs worldwide through private sector investments. We operate in over 100 countries, contributing to global development through capital, expertise, influence, market creation, and job generation.
Fiscal Year 2024 Highlights:
In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions globally, leveraging private capital for environmental sustnability.
Key Achievements:
People connected to the internet: 62.5 million
People with access to power: 113 million
Trade finance volume: $226.5 billion
Total impact from SME loans: $516.9 billion
Navigating Global Areas:
IFC's footprint spans across more than 100 nations, empowering entrepreneurs globally and transforming communities through private sector investments.
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World Bank Group African Electricity Expansion Strategy 300 Million People Target by 2030 Access Goal IFC Circular Economy Waste Management Initiative FinanceProsperity Report Emerging Markets Trends IFC Private Sector Solutions for Global Development Record $56 Billion Investments Fiscal Year 2024