The Bank has recently begun to recognise evidence of links between peoples’ empowerment, growth and improved project performance. However, it recognises that “there remain many questions about what empowerment means, how it applies to the Bank’s work, and what actions should be undertaken”. It has published an Empowerment and Poverty Reduction Sourcebook to start to define its approach in more detail. This sourcebook will also inform the World Bank’s social development strategy which is now under production.
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This factsheet explains how the International Finance Corporation (IFC) operates, how development impact is measured, and the latest trends in investments by sector, region and instrument.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).