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.