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 ofJune 30,2024June 30,2023June 30,2022June 30,2021June 30,2020
Assets
Cash, Deposits, Trading and other Liquid Asset Securities40,31447,47846,35051,44846,201
Investments:
Loans, Net of Reserves against Losses36,43731,41426,22325,64424,102
Equity Investments11,12110,77811,13712,02710,370
Debt Securities11,1899,3106,7337,3206,666
Total Investments58,74751,50244,09344,99141,138
Other Assets, including Derivative Assets9,12611,5678,5678,8258,461
Total Assets108,187110,54799,010105,26495,800
Liabilities
Borrowings Outstanding55,75552,44348,26955,69955,486
Other liabilities, including Derivative Liabilities14,96023,06617,93618,32115,132
Total Liabilities70,71575,50966,20574,02070,618
Capital
Paid-in Capital23,22022,59621,74920,76019,567
Undesignated Retained Earnings13,13311,58910,84011,3957,166
Designated Retained Earnings162221298207433
Accumulated Other Comprehensive Income (Loss)957632(82)(1,118)(1,984)
Total Capital37,47235,03832,80531,24425,182
Total Liabilities and Capital108,187110,54799,010105,26495,800
  • Expressed in millions of U.S. dollars.

Investment Program
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FY24FY23
Total Long-Term Finance Commitments 43,96231,706
Total Short-Term Finance Commitments 12,12512,023
  • Expressed in millions of U.S. dollars.

Disbursements
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FY24FY23
Disbursements19,14718,689
  • Expressed in millions of U.S. dollars.

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

Non-Performing Loans
FY241.8%
FY232.7%
FY223.9%
FY214.4%
FY205.5%
FY194.3%
FY184.6%
FY175.4%

Consolidated Statements of Operations
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For the period/fiscal year endedJune 30,2024June 30,2023June 30,2022June 30,2021June 30,2020
Income from loans and guarantees, including realized gains and losses on loans and associated derivatives3,2042,2901,1561,1161,510
(Provision) release of provision for losses on loans, off-balance sheet credit exposures and other receivables(9)(22)(126)201(638)
Income (loss) from equity investments and associated derivatives1421912083,201(1,067)
Income from debt securities, including realized gains and losses on debt securities and associated derivatives811518414340231
(Provision) release of provision for losses on available-for-sale debt securities(12)(7)(14)(3)-
Income (loss) from liquid asset trading activities2,3911,464(413)3271,039
Charges on borrowings(3,815)(2,598)(302)(326)(1,181)
Administrative expenses(1,516)(1,430)(1,441)(1,355)(1,281)
Other income and expenses, net347297261303243
Foreign currency transaction gains (losses) on non-trading activities(115)(86)76(148)144
Upstream and Advisory services income268247233237281
Upstream and Advisory services expenses(339)(317)(287)(277)(312)
Income (loss) before net unrealized gains and losses on non-trading financial instruments accounted for at fair value and grants to IDA1,357547(235)3,616(1,031)
Net unrealized gains (losses) on non-trading financial instruments accounted for at fair value128125(229)806(641)
Income (loss) before grants to IDA1,485672(464)4,422(1,672)
Grants to IDA---(213)-
Net income (loss)1,485672(464)4,209(1,672)
  • Expressed in millions of U.S. dollars.

Summary Consolidated Statements of Comprehensive Income
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For the period/fiscal year endedJune 30,2024June 30,2023June 30,2022June 30,2021June 30,2020
Net income (loss)1,485672(464)4,209(1,672)
Net unrealized gains (losses) on borrowings74(50)240(269)288
Net unrecognized net actuarial gains (losses) and unrecognized prior service credits (cost) on benefit plans1307021,074982(872)
Net unrealized gains (losses) on debt securities12162(278)153(168)
Total comprehensive income (loss)1,8101,3865725,075(2,424)
  • Expressed in millions of U.S. dollars.

Key Ratios

As ofJune 30,2024June 30,2023June 30,2022June 30,2021June 30,2020
Overall Liquidity Ratio81%104%111%114%96%
Capital Utilization Ratio (CUR)61%61%62%67%72%

Capital Utilization Ratio

Capital Utilization Ratio
FY2461%
FY2361%
FY2262%
FY2167%
FY2072%
FY1978%
FY1881%
FY1782%