How are IFC-funded projects expected to contribute to sustainable economic growth?

The expectation for IFC-funded projects to contribute to sustainable economic growth is rooted in their focus on creating jobs and increasing access to essential services. Projects financed by the International Finance Corporation (IFC) are designed to stimulate economic development by fostering an environment where businesses can thrive, leading to job creation.

When new jobs are generated, they not only provide income and livelihoods for individuals but also promote broader economic activity. This incorporates the purchasing power of employees into the local economy, which can stimulate demand for goods and services.

Moreover, increasing access to essential services—such as healthcare, education, and infrastructure—is crucial in supporting sustainable development. Expanding access ensures that more people benefit from economic growth, which is fundamental to long-term viability and resilience in communities. All these factors align with principles of sustainability, emphasizing a balance between economic growth, social inclusion, and environmental protection.

In contrast, other options undermine the core mission of the IFC. Reducing job opportunities, focusing only on financial returns, and limiting access to technology would work against promoting a holistic approach to development that incorporates community well-being and long-term economic sustainability. Therefore, fostering job creation and enhancing essential service access reflects the IFC’s objectives effectively.