International Finance Corporation

SECTOR Supranational
RATINGS AAA/Aaa
RATING OUTLOOK Both stable
PAID-IN CAPITAL (31 Dec 2020) US$19.9BN
CALLABLE CAPITAL (31 Dec 2020) Nil

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

US$12.7BN/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, to those projects that provide access to essential services for the underserved and women-owned businesses in developing countries, and to those projects that are eligible under the Social Bond Principles.

GSS BOND PROGRAMME NAMES Green Bond Program, Social Bond Program

REFERENCE TAXONOMIES 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)

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE  
MSCI AAA  
Sustainalytics 11.5 Low risk  
Sustainable funding strategy

IFC is a prolific sustainable-bond issuer in public and private markets and currently 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 FY21 end, IFC had issued US$10.6 billion equivalent through 178 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: a three-year US$1 billion bond in response to the World Bank Group’s COVID-19 response package. As of FY21 end, IFC had issued US$3.8 billion equivalent through 63 social bonds in 11 currencies.

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 (https://tinyurl.com/ifcimpactreport).

IFC has been at the forefront of developing market standards for sustainable bonds as a member of the executive committee of the Green Bond Principles 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.

Following the inaugural 2020 ESG Dealer Survey, IFC launched the 2021 edition of the survey in May 2021 to elicit information on dealers’ internal practices as well as the level of significance ESG holds in their corporate strategies. This assessment of dealers’ ESG standing and commitments is used as a basis of in-depth engagement on ESG matters and also forms input into selection for transaction mandates. More than 40 of IFC’s underwriters participated in the 2021 survey.

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
Kenji Kanamoto
Senior Financial Officer
+81 3 3597 6699
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