The International Finance Corporation (IFC) marked a record year of investments in Brazil in 2024, committing $7.3 billion by the fiscal year’s end on 30 June. This investment programme, IFC’s largest globally, supports poverty alleviation and prosperity in Brazil, addressing critical challenges such as climate change, gender inequality, and financing for social initiatives. Significant funding was directed toward climate projects, small and medium-sized enterprises, and the water and sanitation sector.
IFC’s 2024 commitments in Brazil increased by 12% over the previous fiscal period. This includes $1.6 billion in long-term financing from IFC’s own funds, $5.1 billion in mobilisation, and $682 million in short-term trade and supply-chain financing to maintain trade continuity. With a portfolio commitment of $7.7 billion, Brazil now stands as IFC’s largest portfolio in Latin America and the Caribbean and its second-largest globally.
“Brazil is, and will remain, a pivotal country in IFC’s strategic efforts to foster economic development on a livable planet. We have more than doubled our investments in the country over the last three years and aim to continue this increasing trend in the coming years,” said Alfonso García Mora, IFC Vice President for Europe, Latin America, and the Caribbean.
