Financial Results

The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

Consolidated Balance Sheets
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As ofSeptember 30,2024June 30,2024June 30,2023June 30,2022June 30,2021
Assets
Cash, Deposits, Trading and other Liquid Asset Securities43,13840,31447,47846,35051,448
Investments:
Loans, Net of Reserves against Losses38,08636,43731,41426,22325,644
Equity Investments11,45311,12110,77811,13712,027
Debt Securities12,10911,1899,3106,7337,320
Total Investments61,64858,74751,50244,09344,991
Other Assets, including Derivative Assets10,2399,12611,5678,5678,825
Total Assets115,025108,187110,54799,010105,264
Liabilities
Borrowings Outstanding61,61255,75552,44348,26955,699
Other liabilities, including Derivative Liabilities14,86814,96023,06617,93618,321
Total Liabilities76,48070,71575,50966,20574,020
Capital
Paid-in Capital23,31123,22022,59621,74920,760
Undesignated Retained Earnings14,03013,13311,58910,84011,395
Designated Retained Earnings147162221298207
Accumulated Other Comprehensive Income (Loss)1,057957632(82)(1,118)
Total Capital38,54537,47235,03832,80531,244
Total Liabilities and Capital115,025108,187110,54799,010105,264
  • Expressed in millions of U.S. dollars.

Consolidated Statements of Operations
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For the period/fiscal year endedSeptember 30,2024June 30,2024June 30,2023June 30,2022June 30,2021
Income from loans and guarantees, including realized gains and losses on loans and associated derivatives8623,2042,2901,1561,116
(Provision) release of provision for losses on loans, off-balance sheet credit exposures and other receivables(3)(9)(22)(126)201
Income (loss) from equity investments and associated derivatives1981421912083,201
Income from debt securities, including realized gains and losses on debt securities and associated derivatives216811518414340
(Provision) release of provision for losses on available-for-sale debt securities2(12)(7)(14)(3)
Income (loss) from liquid asset trading activities8322,3911,464(413)327
Charges on borrowings(961)(3,815)(2,598)(302)(326)
Administrative expenses(359)(1,516)(1,430)(1,441)(1,355)
Other income and expenses, net102347297261303
Foreign currency transaction gains (losses) on non-trading activities20(115)(86)76(148)
Upstream and Advisory services income54268247233237
Upstream and Advisory services expenses(65)(339)(317)(287)(277)
Income (loss) before net unrealized gains and losses on non-trading financial instruments accounted for at fair value and grants to IDA8981,357547(235)3,616
Net unrealized gains (losses) on non-trading financial instruments accounted for at fair value(16)128125(229)806
Income (loss) before grants to IDA8821,485672(464)4,422
Grants to IDA----(213)
Net income (loss)8821,485672(464)4,209
  • Expressed in millions of U.S. dollars.

Summary Consolidated Statements of Comprehensive Income
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For the period/fiscal year endedSeptember 30,2024June 30,2024June 30,2023June 30,2022June 30,2021
Net income (loss)8821,485672(464)4,209
Net unrealized gains (losses) on borrowings8774(50)240(269)
Net unrecognized net actuarial gains (losses) and unrecognized prior service credits (cost) on benefit plans(3)1307021,074982
Net unrealized gains (losses) on debt securities1612162(278)153
Total comprehensive income (loss)9821,8101,3865725,075
  • Expressed in millions of U.S. dollars.

Investment Program
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FY25 YTDFY24 YTD
Total Long-Term Finance Commitments 13,3597,101
Total Short-Term Finance Commitments 3,0762,718
  • Expressed in millions of U.S. dollars.

Disbursements
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FY25 YTDFY24 YTD
Disbursements5,4274,896
  • Expressed in millions of U.S. dollars.

Non-Performing Loans as a Percentage of Loans Disbursed and Outstanding

Non-Performing Loans
FY25 Q11.7%
FY241.8%
FY232.7%
FY223.9%
FY214.4%
FY205.5%
FY194.3%
FY184.6%

Key Ratios

As ofSeptember 30,2024June 30,2024June 30,2023June 30,2022June 30,2021
Overall Liquidity Ratio81%81%104%111%114%
Capital Utilization Ratio (CUR)61%61%61%62%67%

Capital Utilization Ratio

Capital Utilization Ratio
FY25 Q161%
FY2461%
FY2361%
FY2262%
FY2167%
FY2072%
FY1978%
FY1881%