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Tokyo, October 11, 2012
—IFC, a member of the World Bank Group, this week brought together its clients from across the globe and a host of Japanese companies to discuss new approaches to inclusive business, part of the Corporation’s effort to boost access to goods, services, and jobs for the 4 billion people living at the base of the economic pyramid.
During the third annual Inclusive Business Leaders Forum in Tokyo, participants worked to develop ways to increase the number of financially sustainable, inclusive business models operating at scale, potentially boosting prosperity for billions of low-income people.
“Inclusive business is essential in the fight against poverty,” said IFC Executive Vice President and CEO Jin-Yong Cai. “Today’s forum can spur partnerships that are not only good for development, but also commercially successful.”
The day-long workshop was held ahead of the Annual Meetings of the International Monetary Fund and the World Bank Group. Japan’s Ministry of Economy, Trade, and Industry and the Japan External Trade Organization co-hosted the event—a reflection of the growing interest of the Japanese government and the Japanese business community in inclusive business.
Since 2005, IFC has invested over $7 billion in more than 300 companies that focus on inclusive business models in over 80 countries, reaching 250 million people.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
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