Financial Crisis: IFC's Response
The global financial crisis changed the economic order, deepening the challenges developing countries will face in the decades ahead. During the crisis and into the recovery, IFC provided critical support to banking sectors and businesses around the world, easing unemployment and ensuring that companies and individuals continue to have access to finance.
Support for the initiatives totaled more than $11 billion in FY10, including over $6 billion from IFC’s own account, $2 billion in direct support from partner governments and international financial institutions through IFC, and $3 billion in parallel financing arrangements. We have also launched coordinated action plans with other international financial institutions in Africa, Central and Eastern Europe, and Latin America and the Caribbean.
Our targeted initiatives include:
