What is the primary goal of IFC's Advisory Services?

The primary goal of IFC's Advisory Services is to improve the performance of businesses in developing countries. This approach emphasizes enhancing the operational and financial capacity of enterprises, which in turn fosters economic growth and development in those regions. By providing expert guidance, best practice recommendations, and capacity-building initiatives, the Advisory Services aim to create more sustainable and competitive businesses that can thrive in local and global markets.

This focus on improving business performance is crucial for developing economies as it leads to job creation, increased profitability, and a more vibrant private sector, which are all essential for poverty reduction and economic resilience. In this context, capacity building and advisory support play a significant role in strengthening market systems and attracting investment.

While providing loans, managing environmental risks, and facilitating international trade are important aspects of the IFC's broader mandate, they are not the primary focus of the Advisory Services. Instead, these functions exist to support the overarching goal of enhancing business performance within the specific context of developing countries.