International Finance Corporation

SECTOR Supranational
RATINGS AAA/Aaa
RATING OUTLOOK Both stable
PAID-IN CAPITAL (30 Jun 2020) US$19.6BN
CALLABLE CAPITAL (30 Jun 2020) Nil (all capital is paid in)

FUNDING VOLUME FY20/FY21
(to 30 Jun fiscal year-end)

US$11.3BN/US$12-14BN
RISK WEIGHT, LCR LEVEL, SOLVENCY II 0%, Level 1, 0%
REPO ELIGIBILITY

ECB, BoE, US Fed, RBA, RBNZ
Eligible under Primary Dealer Credit Facility (PDCF)

About International Finance Corporation

International Finance Corporation (IFC), a member of the World Bank Group, was founded in 1956 to promote and support economic growth in developing countries by financing private-sector investment, mobilising capital in the international financial markets and providing advisory services to businesses and governments.

IFC helps companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to local communities. Working with 2,000 businesses worldwide, IFC uses its capital, expertise and influence to create opportunities in the toughest areas of the world.

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMMES
To increase the flow of capital toward environmentally friendly projects and those that finance projects related to the UN Sustainable Development Goals. These include energy efficiency, renewable energy and providing access to essential services to those who lack it.

GSS BOND PROGRAMME Green Bond Program, Social Bond Program

REFERENCE TAXONOMY FOR THE USE OF PROCEEDS

Green Bond Principles and Social Bond Principles project categories, issuer’s own definitions
FRAMEWORKS WITH WHICH THE GSS BOND PROGRAMMES ARE ALIGNED Green Bond Principles, Social Bond Principles
EXTERNAL REVIEW PROVIDER CICERO Shades of Green (for Green Bond Framework)
Sustainable funding strategy

IFC is a prolific sustainable-bond issuer in public and private markets and offers two thematic bond programmes – green and social.

Launched in 2010, IFC’s Green Bond Program funds select climate-friendly projects from IFC’s investment portfolio, such as renewable energy, energy efficiency and green building projects. As of FY20 end, IFC had issued US$10.4 billion through 172 green bonds in 20 currencies.

IFC’s Social Bond Program was launched in 2017 to raise capital for IFC projects that aim to resolve social issues and boost shared prosperity through the provision or increase of access to essential services – such as healthcare, education and finance – for under-served populations in developing countries. In March 2020, IFC issued its largest social bond to date: a three-year US$1 billion social bond in response to the World Bank Group’s COVID-19 response package. As of FY20 end, IFC had issued US$3.1 billion through 39 social bonds in 10 currencies.

The two thematic programmes have grown to account for more than 20% of IFC’s annual funding volume. Every year, IFC publishes a Green and Social Bond Impact Report that lists eligible projects to be funded by the proceeds of green and social bonds as well as their expected impact.

IFC has been at the forefront of developing market standards for sustainable bonds as a member of the executive committee of the Green and Social Bond Principles since inception. Having previously chaired the Social Bond Working Group, in June 2020, IFC was elected to chair the committee for the year 2020/21.

In FY20, IFC launched its inaugural ESG Survey for Underwriters to assess dealer banks’ actions in relation to environmental, social and governance (ESG) at corporate level – thereby becoming the first issuer to formally integrate ESG considerations into its underwriter selection process. The aim is for a better understanding of dealers’ attitudes toward and actions in relation to ESG at corporate level across their entire business.

FOR FURTHER INFORMATION PLEASE CONTACT:

FUNDING
Singapore
Marcin Bill
Head of Funding, Asia Pacific
+65 6501 3603
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Yuri Kuroki
Financial Officer
+65 6501 3699
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Hiroyasu Hirano
Associate Financial Officer
+65 6501 3636
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London
Elena Panomarenko
Head of Funding, Europe
+44 207 592 8532
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Samer Ibrahim
Financial Analyst
+44 20 7592 8022
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www.ifc.org/investors

Washington DC
Flora Chao
Global Head of Funding
+1 202 629 6353 
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Zauresh Kezheneva
Associate Financial Officer
+1 202 473 4659
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INVESTOR RELATIONS
Washington DC
Denise Odaro
Head of Investor Relations
+1 202 473 0958
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Sophie Peeters
Financial Analyst
+1 202 473 7225
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Tokyo
Maki Yasui
Senior Financial Officer
+81 3 3597 6692
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