International Finance Corporation (IFC) Capital Increase
Description
FCDO financial and policy contribution to the $5.5bn capital increase of the International Finance Corporation (IFC) to support delivery of shared objectives, including increased development finance for - market creation and economic development in the poorest and most fragile countries; support for women; and climate finance. The IFC capital increase was endorsed by shareholders in April. Pending formal adoption of this package by Governors through signing of the relevant resolutions and agreement by HM Treasury and UK Parliament for the payments to be made, the UK is expected to contribute around £199 million - subject to exchange rate fluctuations.
Location
The country, countries or regions that benefit from this Programme.
Status Implementation
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme Spend
Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.
Participating Organisation(s)
Help with participating organisations
Accountable:Organisation responsible for oversight of the activity
Extending: Organisation that manages the budget on behalf of the funding organisation.
Funding: Organisation which provides funds.
Implementing: Organisations implementing the activity.
- Accountable
- Funding
- Implementing
Sectors
Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.
Budget
A comparison across financial years of forecast budget and spend to date on the Programme.
Policy Marker(s)
ODA measures in relation to their realisation of OECD development policy objectives