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                    IFC ROAD MAP FY13-15 – CREATING INNOVATIVE SOLUTIONS

                                                    IN CHALLENGING TIMES

                                                      CHAIR’S SUMMING UP

                                             Meeting of the Committee of the Whole

                                                               April 12, 2012



       Directors discussed the paper entitled IFC Road Map FY13-15 – Creating Innovative
Solutions in Challenging Times (IFC/SecM2012-0012).

       Directors welcomed IFC’s commitment to poverty reduction and its delivery of
innovative financial solutions, and supported IFC’s five strategic focus areas, especially IFC’s
continued engagement in IDA countries, frontier regions and fragile situations. Directors
affirmed IFC’s countercyclical role, and highlighted the importance of effective crisis response
mechanisms. They noted IFC’s focus on development impact and its work in results
measurement, and encouraged IFC to continue to refine and implement the IFC Development
Goals and maintain IDA targets.

        Directors emphasized the need to maintain a strong focus on long-term investment
products, and also reiterated support for IFC’s trade and supply chain business in the context of
current capital projections and the overall financial sustainability of IFC. They encouraged IFC
to maintain donor and client contributions for advisory services and reiterated support for
blended financing. They further urged management to remain vigilant with its capital position in
order that IFC’s ability to implement its strategy is not curtailed. Lastly, Directors appreciated
IFC’s continued focus on mobilization and partnership, and encouraged increased collaboration
with other WBG entities.




                                                            
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  This Summary is not an approved record.