IFC’s vision is that people should have the opportunity to escape poverty and improve their lives. By promoting open and competitive markets and providing investment and advisory support to private sector clients, we seek to create opportunities for progress in emerging markets. We help people work, prosper, and live better and longer lives. We aim to maximize our role and additionality so that IFC has a stronger development impact.
What is IFC’s Additionality?
IFC is uniquely positioned to make a difference for the many people at the base of the global economic pyramid. We are the largest multilateral financial institution investing in private enterprises in emerging markets, with activities in 130 countries. We combine financing that helps local businesses grow quickly and sustainably with advice that helps them innovate, raise standards, mitigate risk, and share knowledge across industries and regions.
Our affiliation with the World Bank Group gives us additional leverage in terms of skills and experience. We call this unparalleled set of comparative advantages our “additionality.” It is the main reason our clients choose to work with us.
Objective and Rationale:
The objective of this primer is to help assess and communicate IFC’s role and additionality more systematically and effectively, to our clients externally and to our Board and Senior Management internally. The primer provides a systematic thought process and a framework to identify and assess IFC’s role, additionality, and development impact throughout the project cycle, from business development to supervision. It does not, however, provide an all-inclusive list of every factor contributing to development impact and additionality, as each client or project has its own unique characteristics and needs.
The approach taken in the primer can be summarized by the following questions: 1. Why have we chosen to work with this client?
2. Can you put the...