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23.09.2011

  New Report Finds International Finance Institutions Critical for Job Creation in Emerging Markets 

A new report finds that international finance institutions play a key role in catalyzing job creation and growth through the private sector in emerging markets, particularly as governments face increased pressure on public resources.

Key findings of the report are:

  • IFIs provide the private sector in developing countries with critical capital and knowledge. Private sector direct foreign investment finance has reached over US-Dollar 40 billion in commitments a year–about five percent of capital flows to emerging markets.
  • IFIs help companies set standards and manage risk in areas such as environmental and social standards; corporate governance; health and safety, sponsor and business integrity; labor and human rights; revenue transparency; and international financial reporting.
  • IFIs catalyze additional financing from other private sector players. Each USD-Dollar 1 of capital supplied to IFI’s can lead to USD-Dollar 12 in private sector project investment.
  • IFIs support entrepreneurship and innovation, helping demonstrate the viability of private solutions in new or challenging areas.

 

For more information read the full Press Release.


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