Posting strong portfolio and income growth for the past fiscal year, the International Finance Corporation recently announced a marked increase in its own contribution to grant-funded sustainable development projects. According to Peter Woicke, Executive Vice President of IFC and World Bank Group Managing Director for private sector development, IFC's progress reflects the stability and healthier fundamentals across the emerging markets, more product and geographical diversity the portfolio, and productivity gains from IFC's recent structuring. IFC intend to leverage these gains into greater developmental impact through more support for the project development facilities, which it operates in partnership with its donor nations. In FY2QQ4, IFC committed investments for its own account of
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