Social Bonds | International Finance Corporation (IFC)

<!DOCTYPE HTML> <html lang="en"> <head> <meta charset="UTF-8"/> <title>Social Bonds | International Finance Corporation (IFC)</title> <link rel="preconnect" href="https://fonts.gstatic.com/" crossorigin=""/> <link rel="preconnect" href="https://s7d1.scene7.com/" crossorigin=""/> <link rel="preload" as="image" href="/content/dam/ifc/corporate/logo/IFC-Logo.svg"/> <link rel="shortcut icon" href="/content/dam/ifc/migration/favicon.ico" type="image/png"/> <meta name="description" content="IFC’s social bonds offer investors an opportunity to finance IFC projects that benefit under-served populations in emerging markets including women and low-income communities with limited access to essential services such as basic infrastructure, healthcare, finance and sanitation."/> <meta name="template" content="generic-landing-template1"/> <meta name="viewport" content="width=device-width, initial-scale=1"/> <link rel="stylesheet" href="https://fonts.googleapis.com/css2?family=Ubuntu:ital,wght@0,300;0,400;0,500;0,700;1,300;1,400;1,500;1,700&display=swap"/> <meta property="og:title" content="Social Bonds"/> <meta property="og:url" content="https://www.ifc.org/en/about/investor-relations/social-bonds"/> <meta property="og:site_name" content="IFC"/> <meta property="og:description" content="IFC’s social bonds offer investors an opportunity to finance IFC projects that benefit under-served populations in emerging markets including women and low-income communities with limited access to essential services such as basic infrastructure, healthcare, finance and sanitation."/> <meta property="og:type" content="article"/> <meta property="og:image:type" content="image/jpg"/> <meta property="og:image:width" content="1200"/> <meta property="og:image:height" content="630"/> <meta property="og:image" content="https://www.ifc.org/content/dam/ifc/photos/2023/Social-Bond-thumbnail.jpg"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:site" content="IFC"/> <meta name="twitter:title" content="Social Bonds | International Finance Corporation (IFC)"/> <meta name="twitter:description" content="IFC’s social bonds offer investors an opportunity to finance IFC projects that benefit under-served populations in emerging markets including women and low-income communities with limited access to essential services such as basic infrastructure, healthcare, finance and sanitation."/> <meta name="twitter:image" content="https://www.ifc.org/content/dam/ifc/photos/2023/Social-Bond-thumbnail.jpg"/> <meta name="dcterms.title" content="Social Bonds"/> <meta name="dcterms.type" content="Text/HTML"/> <meta name="dcterms.identifier" content="https://www.ifc.org/en/about/investor-relations/social-bonds"/> <meta name="dcterms.language" content="English"/> <link rel="canonical" href="https://www.ifc.org/en/about/investor-relations/social-bonds"/> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-base.css" type="text/css"> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-dependencies.js"></script> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-dependencies.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-vendor/jquery.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-vendor/popper.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-vendor/bootstrap.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-site-icon.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-site-author.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/ifc/clientlibs/clientlib-site-publish.css" type="text/css"> <script> var wbgData = wbgData || {}; wbgData.page = { pageInfo: { pageName: "en:ifc:ifc:/en/about/investor-relations/social-bonds", pageCategory: "content page", pageUid: "13d06d1e-481d-4ab8-b3da-94575bee4585", pageFirstPub: "", pageLastMod: "09-11-2024", author: "", topicTag: "", subtopicTag: "", contentType: "Web Page", channel: "ifc who we are ext", webpackage: "" }, sectionInfo: { siteSection: "", subsectionP2: "Social Bonds | International Finance Corporation (IFC)", subsectionP3: "", subsectionP4: "", subsectionP5: "", } } wbgData.site = { siteInfo: { siteLanguage: "en", siteCountry: "", siteEnv: "prod", siteType: "ifc", siteRegion: "", userIpaddressType: "10.47.0.111", }, techInfo: { cmsType: "AEM", bussVPUnit: "CFI", bussUnit: "TRE", bussUserGroup: "external", bussAgency: "IFC", }, } wbgData.misc = { eventstatus: "", } </script> <script src="//assets.adobedtm.com/223f6e2cf7c9/222eb671b1af/launch-6136c59bf2cd.min.js" async></script> </head> <body class="page basicpage" id="social-bonds" data-cmp-link-accessibility-enabled data-cmp-link-accessibility-text="opens in a new tab"> <div> <div> </div> </div> <div class="root container responsivegrid"> <div id="container-27893712b7" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="experiencefragment aem-GridColumn aem-GridColumn--default--12"> <div id="experiencefragment-8a2301efc3" class="cmp-experiencefragment cmp-experiencefragment--header-mega-menu"> <div id="container-de4de25ade" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="megamenu aem-GridColumn aem-GridColumn--default--12"> <script src="/etc.clientlibs/ifc/components/headersection/clientlibs/editor.js"></script> <script src="/etc.clientlibs/ifc/components/header/megamenu/clientlibs/editor.js"></script>  <div class="hidden-sm hidden-xs"> <a tabindex="0" id="skip-to-main-content" class="visually-hidden focusable" href="#main">Skip to Main Navigation</a> <header> <div class="hidden-sm"> <div class="ifc_emergency_bar"> <div class="ifc-grid"> <ul class="ifc_emergency_bar_nav"> <li class="ifc_emergency_bar_nav_list"><a href="https://disclosures.ifc.org/" class="ifc__megamenu_item" aria-current="page">Disclosures</a></li> <li class="ifc_emergency_bar_nav_list"><a href="/en/insights-reports" class="ifc__megamenu_item" aria-current="page">Insights & Reports</a></li> <li class="ifc_emergency_bar_nav_list"><a href="/en/news" class="ifc__megamenu_item" aria-current="page">News</a></li> </ul> </div> </div> </div> <div class="ifc__navbar ifc__navbar_default"> <div class="ifc-grid"> <div class="ifc__navbar_header"> <a href="/en/home" title="IFC logo" class="ifc__navbar_brand"> <img title="IFC logo" alt="IFC logo" width="200" height="35" src="/content/dam/ifc/corporate/logo/IFC-Logo.svg" class="img-responsive"/> </a> </div> <div class="ifc__menulist_wrappper"> <div class="lp__megamenu"> <nav class="ifc__megamenu"> <ul class="ifc__navbar_nav"> <li class="lp__megamenu_list"> <a href="/en/about" class="ifc__megamenu_item" aria-label="Who We Are">Who We Are</a> <div class="ifc__megamenu_dropdown"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_title" role="heading" tabindex="0">Who We Are</div> <p class="ifc__megamenu_lg_text" tabindex="0">IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people. </p> <a href="https://www.ifc.org/en/about" class="ifc__btn ifc__btn_md ifc__blue_btn" tabindex="0">More About Us</a> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">About IFC</div> <ul> <li><a href="https://www.ifc.org/en/about/leadership">Our Leadership</a></li> <li><a href="https://www.ifc.org/en/about/partnerships">Development Partners</a></li> <li><a href="https://www.ifc.org/en/about/diversity-equity-inclusion">Diversity, Equity and Inclusion</a></li> </ul> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">Accountability</div> <ul> <li><a href="https://www.ifc.org/en/about/accountability">Learn more about accountability</a></li> </ul> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list"> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">IFC's Annual Report</div> <ul> <li><a href="https://www.ifc.org/annualreport/download">Download the Report</a></li> </ul> </div> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/what-we-do" class="ifc__megamenu_item" aria-label="What We Do">What We Do</a> <div class="ifc__megamenu_dropdown"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_title" role="heading" tabindex="0">What We Do</div> <p class="ifc__megamenu_lg_text" tabindex="0">IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise. </p> <a href="https://www.ifc.org/en/what-we-do" class="ifc__btn ifc__btn_md ifc__blue_btn" tabindex="0">What We Do Overview</a> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">SOLUTIONS</div> <ul> <li><a href="https://www.ifc.org/en/what-we-do/products-and-services">Our products and services</a></li> </ul> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">OUR PRIORITIES</div> <ul> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/climate-business">Climate Business</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/fragile-and-conflict-affected-situations">Fragile & Conflict Afflicted Situations</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/gender">Gender</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/mobilizing-private-capital">Mobilizing Private Capital</a></li> <li><a href="https://www.ifc.org/en/what-we-do/topics/sustainability">Sustainability</a></li> </ul> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list"> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">SECTORS & EXPERTISE</div> <ul> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/agribusiness-forestry">Agribusiness & Forestry</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/creative-industries">Creative Industries</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/education">Education</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/financial-institutions">Financial Institutions</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/funds">Funds</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/health">Health</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/infrastructure">Infrastructure</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/manufacturing">Manufacturing</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/public-private-partnerships">Public-Private Partnerships</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/tourism-retail-property">Tourism, Retail & Property</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/trade-and-supply-chain-finance">Trade & Supply Chain Finance</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/venture-capital">Venture Capital</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/creating-business-creating-opportunities">Working Upstream</a></li> </ul> </div> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/where-we-work" class="ifc__megamenu_item" aria-label="Where We Work">Where We Work</a> <div class="ifc__megamenu_dropdown"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_title" role="heading" tabindex="0">Where We Work</div> <p class="ifc__megamenu_lg_text" tabindex="0">As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another. </p> <a href="https://www.ifc.org/en/where-we-work" class="ifc__btn ifc__btn_md ifc__blue_btn" tabindex="0">Overview</a> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">By Region</div> <ul> <li><a href="https://www.ifc.org/en/where-we-work/east-asia-and-the-pacific">East Asia & Pacific</a></li> <li><a href="https://www.ifc.org/en/where-we-work/europe">Europe</a></li> <li><a href="https://www.ifc.org/en/where-we-work/latin-america-and-the-caribbean">Latin America & the Caribbean</a></li> <li><a href="https://www.ifc.org/en/where-we-work/middle-east">Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan</a></li> <li><a href="https://www.ifc.org/en/where-we-work/south-asia">South Asia</a></li> <li><a href="https://www.ifc.org/en/where-we-work/africa">Africa</a></li> </ul> </div> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/our-impact" class="ifc__megamenu_item" aria-label="Our Impact">Our Impact</a> <div class="ifc__megamenu_dropdown"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_title" role="heading" tabindex="0">Our Impact</div> <p class="ifc__megamenu_lg_text" tabindex="0">Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.</p> <a href="https://www.ifc.org/en/our-impact" class="ifc__btn ifc__btn_md ifc__blue_btn" tabindex="0">Our Impact Overview</a> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">PRINCIPLES & MEASUREMENT</div> <ul> <li><a href="https://www.ifc.org/en/our-impact/impact-investing-at-ifc">Impact Investing at IFC</a></li> <li><a href="https://www.ifc.org/en/our-impact/measuring-and-monitoring">Measuring & Monitoring (AIMM)</a></li> <li><a href="https://www.ifc.org/en/our-impact/evaluation">Evaluation</a></li> <li><a href="https://www.ifc.org/en/our-impact/sustainable-development-goals">Sustainable Development Goals (SDGs)</a></li> </ul> </div> </div> </div> </div> </div> </li> </ul> </nav> </div> </div> <div class="lp__megamenu ifc__megamenu_right_section"> <div class="ifc__megamenu" aria-label="secondary"> <div class="ifc__navbar_nav"> <div class="lp__megamenu_list ifc__workwithus">  <a href="" class="ifc__megamenu_item " aria-label="Work with us">Work With Us</a>  <div class="ifc__megamenu_dropdown ifc__workwithus_dropdown">  <div class="aem-Grid"> <div class="aem-GridColumn--desktop--4 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_title" role="heading" tabindex="0">Work With Us</div> <p class="ifc__megamenu_lg_text" tabindex="0">Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.</p> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">For Partners</div> <ul> <li><a href="https://www.ifc.org/en/about/partnerships">Partners</a></li> <li><a href="https://www.ifc.org/en/about/partnerships#partners">Governments</a></li> <li><a href="https://www.ifc.org/en/about/accountability">CSOs/NGOs</a></li> </ul> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">For Investors</div> <ul> <li><a href="https://www.ifc.org/en/about/investor-relations">Investor Relations</a></li> <li><a href="https://www.ifc.org/en/about/investor-relations/green-bonds">Green Bonds</a></li> <li><a href="https://www.ifc.org/en/about/investor-relations/social-bonds">Social Bonds</a></li> </ul> </div> </div> <div class="aem-GridColumn--desktop--2 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">Get in Touch</div> <ul> <li><a href="https://www.ifc.org/en/what-we-do/products-and-services/how-to-apply-for-financing">Apply for Financing</a></li> <li><a href="https://www.ifc.org/en/about/careers">IFC Careers</a></li> <li><a href="https://disclosures.ifc.org/inquiries">General Inquiries</a></li> </ul> </div> </div>  </div> </div> </div> </div> </div> <div class="lp__globalsearch"> <div class="sr-only" id="search-label">global Search dropdown</div> <a class="lang-lable" href="#" role="button" id="globalsearch-label" data-toggle="dropdown" aria-expanded="false" aria-labelledby="search-label"> </a> <div class="dropdown-menu ifc__dropdown_menu" aria-labelledby="search-label" style=""> <div class="ifc-grid"> <div class="aem-Grid"> <div class="ifc__secondary_search"> <label class="ifc__input_text sr-only" for="ifc_search">Search ifc.org</label> <form class="ifc__input_group" name="searchbox" method="post" id="ifc__input_search_redirect" onsubmit="handleSubmit(event)"> <input type="search" placeholder="Search ifc.org" class="search-input-field" name="qterm" id="ifc_search" aria-label="Search"/> <input class="ifc__submit_icon" type="image" src="/content/dam/ifc/corporate/logo/search-black.svg" alt="search"/> <input type="hidden" name="lang_exact" value="English"/> </form> </div> </div> </div> </div> </div> </div> </div> </div> </header> </div> <div class="hidden-lg hidden-md"> <header> <div class="ifc__navbar ifc__navbar_default"> <div class="ifc-grid"> <div class="ifc__navbar_header"> <a href="/en/home" title="IFC logo" class="ifc__navbar_brand"> <img title="IFC logo" alt="IFC logo" width="200" height="35" src="/content/dam/ifc/corporate/logo/IFC-Logo.svg" class="img-responsive"/> </a> </div>     <div class="lp__menuButton"> <button type="button" class="ifc__navbar_toggle collapsed" data-toggle="collapse" data-target="#menuItems" aria-expanded="false" aria-controls="menuItems" aria-label="menu"></button> </div>   <div class="ifc__menulist_wrappper"> <div class="ifc__navbar_collapse collapse lp__megamenu" id="menuItems"> <nav class="megamenu">  <div class="header-search-section hidden-lg hidden-md"> <form name="hiddensearch" id="globalsearchId-mob" action="" method="get" style="display:none" aria-hidden="true" class="ifc__megamenu_list"> <input id="global_search-mob" type="hidden" name="q" title="searchtexthidden1" role="group" aria-expanded="false" aria-hidden="true" class="dropdown"/> </form> <label for="mobile-globalsearch" class="sr-only ifc__megamenu_list">Global Search</label> <form role="search" class="ifc__input_group ifc__megamenu_list" id="ifc-desktop-search" name="searchbox" onsubmit="handleSubmit(event)"> <input type="text" id="mobile-globalsearch" placeholder="Search worldbank.org" class="search-input-field-1 global_search_form_mobile" name="qterm_test" title=""/> <button type="reset" title="Clear" class="search-reset-btn" onclick="javascript:clear_search_form();"><span class="ifc-search-close"></span></button> <button type="submit" title="Search" class="search-submit-icon ifc-yellow-btn dropdown" onclick="javascript:submit_search_form();" id="ifc__megamenu7" role="group" aria-expanded="false" aria-hidden="true"><span class="sr-only" aria-hidden="true">Search button</span> </button> </form> </div>  <ul class="ifc__navbar_nav"> <li class="lp__megamenu_list"> <a href="/en/about" class="ifc__megamenu_item" data-toggle="dropdown" aria-expanded="false">Who We Are</a> <div class="ifc__megamenu_dropdown dropdown-menu"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div><a class="close_btn" href="#"><span class="ifc-back-icon"></span> Back </a></div> <div class="ifc__submenu_title" role="heading">Who We Are</div> <a href="https://www.ifc.org/en/about" class="ifc__btn ifc__btn_md ifc__blue_btn">More About Us</a><br/> <a class="ifc__megamenu_viewalllink" href="https://www.ifc.org/en/about"></a> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">About IFC</div> <ul> <li><a href="https://www.ifc.org/en/about/leadership">Our Leadership</a></li> <li><a href="https://www.ifc.org/en/about/partnerships">Development Partners</a></li> <li><a href="https://www.ifc.org/en/about/diversity-equity-inclusion">Diversity, Equity and Inclusion</a></li> </ul> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list"> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">Accountability</div> <ul> <li><a href="https://www.ifc.org/en/about/accountability">Learn more about accountability</a></li> </ul> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list"> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">IFC's Annual Report</div> <ul> <li><a href="https://www.ifc.org/annualreport/download">Download the Report</a></li> </ul> </div> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/what-we-do" class="ifc__megamenu_item" data-toggle="dropdown" aria-expanded="false">What We Do</a> <div class="ifc__megamenu_dropdown dropdown-menu"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div><a class="close_btn" href="#"><span class="ifc-back-icon"></span> Back </a></div> <div class="ifc__submenu_title" role="heading">What We Do</div> <a href="https://www.ifc.org/en/what-we-do" class="ifc__btn ifc__btn_md ifc__blue_btn">What We Do Overview</a><br/> <a class="ifc__megamenu_viewalllink" href="https://disclosures.ifc.org/">View all projects</a> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">SOLUTIONS</div> <ul> <li><a href="https://www.ifc.org/en/what-we-do/products-and-services">Our products and services</a></li> </ul> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list"> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">OUR PRIORITIES</div> <ul> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/climate-business">Climate Business</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/fragile-and-conflict-affected-situations">Fragile & Conflict Afflicted Situations</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/gender">Gender</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/mobilizing-private-capital">Mobilizing Private Capital</a></li> <li><a href="https://www.ifc.org/en/what-we-do/topics/sustainability">Sustainability</a></li> </ul> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list"> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">SECTORS & EXPERTISE</div> <ul> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/agribusiness-forestry">Agribusiness & Forestry</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/creative-industries">Creative Industries</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/education">Education</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/financial-institutions">Financial Institutions</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/funds">Funds</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/health">Health</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/infrastructure">Infrastructure</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/manufacturing">Manufacturing</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/public-private-partnerships">Public-Private Partnerships</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/tourism-retail-property">Tourism, Retail & Property</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/trade-and-supply-chain-finance">Trade & Supply Chain Finance</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/venture-capital">Venture Capital</a></li> <li><a href="https://www.ifc.org/en/what-we-do/sector-expertise/creating-business-creating-opportunities">Working Upstream</a></li> </ul> </div> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/where-we-work" class="ifc__megamenu_item" data-toggle="dropdown" aria-expanded="false">Where We Work</a> <div class="ifc__megamenu_dropdown dropdown-menu"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div><a class="close_btn" href="#"><span class="ifc-back-icon"></span> Back </a></div> <div class="ifc__submenu_title" role="heading">Where We Work</div> <a href="https://www.ifc.org/en/where-we-work" class="ifc__btn ifc__btn_md ifc__blue_btn">Overview</a><br/> <a class="ifc__megamenu_viewalllink"></a> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">By Region</div> <ul> <li><a href="https://www.ifc.org/en/where-we-work/east-asia-and-the-pacific">East Asia & Pacific</a></li> <li><a href="https://www.ifc.org/en/where-we-work/europe">Europe</a></li> <li><a href="https://www.ifc.org/en/where-we-work/latin-america-and-the-caribbean">Latin America & the Caribbean</a></li> <li><a href="https://www.ifc.org/en/where-we-work/middle-east">Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan</a></li> <li><a href="https://www.ifc.org/en/where-we-work/south-asia">South Asia</a></li> <li><a href="https://www.ifc.org/en/where-we-work/africa">Africa</a></li> </ul> <hr/> </div> </div> </div> </div> </div> </li> <li class="lp__megamenu_list"> <a href="/en/our-impact" class="ifc__megamenu_item" data-toggle="dropdown" aria-expanded="false">Our Impact</a> <div class="ifc__megamenu_dropdown dropdown-menu"> <div class="ifc-grid"> <div class="aem-Grid"> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div><a class="close_btn" href="#"><span class="ifc-back-icon"></span> Back </a></div> <div class="ifc__submenu_title" role="heading">Our Impact</div> <a href="https://www.ifc.org/en/our-impact" class="ifc__btn ifc__btn_md ifc__blue_btn">Our Impact Overview</a><br/> <a class="ifc__megamenu_viewalllink" href="https://www.ifc.org/en/our-impact"></a> <hr/> </div> </div> <div class="aem-GridColumn--desktop--3 aem-GridColumn--phone--12"> <div class="ifc__submenu_list "> <div class="ifc__submenu_list_title" aria-level="2" role="heading" tabindex="0">PRINCIPLES & MEASUREMENT</div> <ul> <li><a href="https://www.ifc.org/en/our-impact/impact-investing-at-ifc">Impact Investing at IFC</a></li> <li><a href="https://www.ifc.org/en/our-impact/measuring-and-monitoring">Measuring & Monitoring (AIMM)</a></li> <li><a href="https://www.ifc.org/en/our-impact/evaluation">Evaluation</a></li> <li><a href="https://www.ifc.org/en/our-impact/sustainable-development-goals">Sustainable Development Goals (SDGs)</a></li> </ul> <hr/> </div> </div> </div> </div> </div> </li> <li class="ifc__megamenu_list"> <div class="ifc_emergency_bar"> <ul class="ifc_emergency_bar_nav"> <li class="ifc_emergency_bar_nav_list"><a href="https://disclosures.ifc.org/" class="ifc__megamenu_item" aria-current="page">Disclosures</a></li> <li class="ifc_emergency_bar_nav_list"><a href="/en/insights-reports" class="ifc__megamenu_item" aria-current="page">Insights & Reports</a></li> <li class="ifc_emergency_bar_nav_list"><a href="/en/news" class="ifc__megamenu_item" aria-current="page">News</a></li> </ul> </div> </li>  <li class="lp__megamenu_list ifc__workwithus dropup"> <div class="ifc-work-shadow"></div>  <span class="ifc__dropdown_label sr-only" id="sr-workwithustitle">Work with us <span class="">On selection, leaving this page</span></span> <button type="button" class="ifc__megamenu_item" data-toggle="dropdown" aria-expanded="false" aria-labelledby="sr-workwithustitle sr-workwithusbtn" id="sr-workwithusbtn" aria-label="Work with us">Work With Us</button> <ul class="dropdown-menu ifc__dropdown_menu" aria-labelledby="sr-workwithustitle"> <li tabindex="0"><a href="https://www.ifc.org/en/about/partnerships">Partners</a></li> <li tabindex="0"><a href="https://www.ifc.org/en/about/partnerships#partners">Governments</a></li> <li tabindex="0"><a href="https://www.ifc.org/en/about/accountability">CSOs/NGOs</a></li> </ul> </li> </ul> </nav> </div> </div> </div> </div> </header> </div></div> </div> </div> </div> </div> <main class="container responsivegrid aem-GridColumn aem-GridColumn--default--12"> <div id="container-30f79d6dd5" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="ifcbreadcrumb breadcrumb aem-GridColumn aem-GridColumn--default--12"> <div> <script src="/etc.clientlibs/clientlibs/granite/jquery.js"></script> <script src="/etc.clientlibs/ifc/components/ifcbreadcrumb/clientlibs/site.js"></script> <div class="breadcrumb ifc__breadcrumb_menu ifc__breadcrumb_desktop"> <div class="ifc-grid">  <nav class="cmp-breadcrumb" aria-label="Breadcrumb">  <ol class="cmp-breadcrumb__list" itemscope=""> <li class="cmp-breadcrumb__item"> <a class="cmp-breadcrumb__item-link" itemprop="item" data-cmp-clickable="" href="/en/home" target="_self" aria-label="home"> <span class="breadcrumb__icon-home" itemprop="name"></span> </a> <meta itemprop="position" content="1"/> </li> <li class="cmp-breadcrumb__item"> <a class="cmp-breadcrumb__item-link" itemprop="item" data-cmp-clickable="" href="/en/about" target="_self"> <span itemprop="name">Who We Are</span> </a> <meta itemprop="position" content="2"/> </li> <li class="cmp-breadcrumb__item"> <a class="cmp-breadcrumb__item-link" itemprop="item" data-cmp-clickable="" href="/en/about/investor-relations" target="_self"> <span itemprop="name">Investor Relations</span> </a> <meta itemprop="position" content="2"/> </li> <li class="cmp-breadcrumb__item"> <span itemprop="name">Social Bonds</span> <meta itemprop="position" content="2"/> </li> </ol>  <ol class="cmp-breadcrumb__list breadcrumb__right hidden-sm hidden-xs" itemscope=""> <li class="cmp-breadcrumb__item"> <div class="ifc__lang_dropdown"> <meta itemprop="position" content="4"/> <div class="sr-only" id="language-dropdown">Global language toggler</div> <button type="button" class="ifc__lang_label ifc__breadcrumb-translate" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false" id="global-language" aria-labelledby="language-dropdown global-language">This page available in </button> <div class="ifc__dropdown_menu dropdown-menu ifc__breadcrumb-translate-menu" aria-labelledby="language-dropdown"> <ul> <li lang="ar"><a class="dropdown-item" href='/ar/about/investor-relations/social-bonds'>العربية</a></li> <li lang="fr"><a class="dropdown-item" href='/fr/about/investor-relations/social-bonds'>FRANÇAIS</a></li> </ul> </div> <div class="ifc__printshare-section"> <a class="cmp-breadcrumb__item-link printPage" href="#" itemprop="item" data-cmp-clickable="" aria-label="print" data-customlink="pr:page tools" data-text="print"> <span class="lp lp-print" itemprop="name"></span> </a> <meta itemprop="position" content="1"/> <div class="ifc__share_section"> <span class="sr-only" id="sr-socialshare"> Share this page</span> <button type="button" class="cmp-breadcrumb__item-link" data-toggle="dropdown" aria-expanded="false" aria-labelledby="sr-socialshare"><span class="lp lp-share" itemprop="name"></span> </button> <div class="ifc__dropdown_menu dropdown-menu" aria-labelledby="sr-socialshare"> <ul> <li><a id="ifc-fbid" class="dropdown-item" href="#"><i class="lp lp-facebook" data-customlink="sw:page tools" data-text="facebook"></i><span class="sr-only">Facebook</span></a></li> <li><a id="ifc-twid" class="dropdown-item" href="#"><i class="lp lp-twitter" data-customlink="sw:page tools" data-text="x"></i><span class="sr-only">x</span></a></li> <li><a id="ifc-ldid" class="dropdown-item" href="#"><i class="lp lp-linkedln" data-customlink="sw:page tools" data-text="linkedin"></i><span class="sr-only">LinkedIn</span></a></li> <li><a id="ifc-igid" class="dropdown-item" href="#"><i class="lp lp-instagram" data-customlink="sw:page tools" data-text="instagram"></i><span class="sr-only">instagram</span></a></li> <li><a id="ifc-emailid" class="dropdown-item" href="mailto:?body=IFC’s social bonds offer investors an opportunity to finance IFC projects that benefit under-served populations in emerging markets including women and low-income communities with limited access to essential services such as basic infrastructure, healthcare, finance and sanitation.%0Dhttps://www.ifc.org/en/about/investor-relations/social-bonds&subject=Social Bonds | International Finance Corporation (IFC)" data-customlink="em:page tools" data-text="email"><i class="lp lp-newsletter"></i><span class="sr-only">Email</span></a></li> <li><a id="ifc-whatsappid" class="dropdown-item" href="#" data-page-title="Social Bonds | International Finance Corporation (IFC)"><i class="lp lp-whatsup" data-customlink="sw:page tools" data-text="whatsup"></i><span class="sr-only">whatsup</span></a></li> </ul> </div> </div> </div> </div> </li> </ol> </nav> </div> </div>  <div class="breadcrumb ifc__breadcrumb_menu ifc__breadcrumb-translate-bg hidden-lg hidden-md"> <div class="ifc-grid"> <nav> <ol class="cmp-breadcrumb__list breadcrumb__right" itemscope=""> <li class="cmp-breadcrumb__item"> <div class="ifc__lang_dropdown"> <meta itemprop="position" content="4"/> <div class="sr-only" id="language-dropdown">Global language toggler</div> <button type="button" class="ifc__lang_label ifc__breadcrumb-translate" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false" id="global-language" aria-labelledby="language-dropdown global-language">This page available in </button> <div class="ifc__dropdown_menu dropdown-menu ifc__breadcrumb-translate-menu" aria-labelledby="language-dropdown"> <ul> <li lang="ar"><a class="dropdown-item" href='/ar/about/investor-relations/social-bonds'>العربية</a></li> <li lang="fr"><a class="dropdown-item" href='/fr/about/investor-relations/social-bonds'>FRANÇAIS</a></li> </ul> </div> <div class="ifc__printshare-section"> <a class="cmp-breadcrumb__item-link printPage" href="#" itemprop="item" data-cmp-clickable="" aria-label="print" data-customlink="pr:page tools" data-text="print"> <span class="lp lp-print" itemprop="name"></span> </a> <meta itemprop="position" content="1"/> <div class="ifc__share_section"> <span class="sr-only" id="sr-socialshare"> Share this page</span> <button type="button" class="cmp-breadcrumb__item-link" data-toggle="dropdown" aria-expanded="false" aria-labelledby="sr-socialshare"><span class="lp lp-share" itemprop="name"></span> </button> <div class="ifc__dropdown_menu dropdown-menu" aria-labelledby="sr-socialshare"> <ul> <li><a id="ifc-fbid" class="dropdown-item" href="#"><i class="lp lp-facebook" data-customlink="sw:page tools" data-text="facebook"></i><span class="sr-only">Facebook</span></a></li> <li><a id="ifc-twid" class="dropdown-item" href="#"><i class="lp lp-twitter" data-customlink="sw:page tools" data-text="x"></i><span class="sr-only">x</span></a></li> <li><a id="ifc-ldid" class="dropdown-item" href="#"><i class="lp lp-linkedln" data-customlink="sw:page tools" data-text="linkedin"></i><span class="sr-only">LinkedIn</span></a></li> <li><a id="ifc-igid" class="dropdown-item" href="#"><i class="lp lp-instagram" data-customlink="sw:page tools" data-text="instagram"></i><span class="sr-only">instagram</span></a></li> <li><a id="ifc-emailid" class="dropdown-item" href="mailto:?body=IFC’s social bonds offer investors an opportunity to finance IFC projects that benefit under-served populations in emerging markets including women and low-income communities with limited access to essential services such as basic infrastructure, healthcare, finance and sanitation.%0Dhttps://www.ifc.org/en/about/investor-relations/social-bonds&subject=Social Bonds | International Finance Corporation (IFC)" data-customlink="em:page tools" data-text="email"><i class="lp lp-newsletter"></i><span class="sr-only">Email</span></a></li> <li><a id="ifc-whatsappid" class="dropdown-item" href="#" data-page-title="Social Bonds | International Finance Corporation (IFC)"><i class="lp lp-whatsup" data-customlink="sw:page tools" data-text="whatsup"></i><span class="sr-only">whatsup</span></a></li> </ul> </div> </div> </div> </div> </li> </ol> </nav> </div> </div> </div></div> <div class="container responsivegrid ifc-grid-fluid ifc_subpage_banner aem-GridColumn aem-GridColumn--default--12"> <div id="container-0517d149eb" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 aem-Grid--desktop--12 "> <div class="teaser ifc-generic-subbanner aem-GridColumn--desktop--12 aem-GridColumn aem-GridColumn--offset--desktop--0 aem-GridColumn--default--12 aem-GridColumn--desktop--none"> <div class="cmp-teaser"> <div class="cmp-teaser__image"> <div data-cmp-dmimage data-asset-id="283b01e4-52ea-45a6-8e89-ebf1ee5b5b8c" id="teaser-7a70d2c829-image" class="cmp-image" itemscope> <img srcset="https://s7d1.scene7.com/is/image/wbcollab/banner-img:1400x788?qlt=100&resMode=sharp2 1400w,https://s7d1.scene7.com/is/image/wbcollab/banner-img:992x558?qlt=100&resMode=sharp2 992w,https://s7d1.scene7.com/is/image/wbcollab/banner-img:768x432?qlt=100&resMode=sharp2 768w,https://s7d1.scene7.com/is/image/wbcollab/banner-img:576x324?qlt=100&resMode=sharp2 576w" src="https://s7d1.scene7.com/is/image/wbcollab/banner-img?qlt=90&fmt=webp" loading="lazy" class="cmp-image__image" itemprop="contentUrl" width="1400" height="788" alt title="Print"/> <meta itemprop="caption" content="Print"/> </div> </div> <div class="cmp-teaser__content"> <h1 class="cmp-teaser__title"> Social Bonds </h1> <div class="cmp-teaser__action-container"> <ul> </ul> </div> </div> </div> </div> </div> </div> </div> <div class="container responsivegrid layer-white aem-GridColumn aem-GridColumn--default--12"> <div id="container-1a9617fa88" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="container responsivegrid ifc-grid aem-GridColumn aem-GridColumn--default--12"> <div id="container-7c802437f1" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="columncontrol aem-GridColumn aem-GridColumn--default--12"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12"> <div class="container responsivegrid aem-GridColumn aem-GridColumn--tablet--6 aem-GridColumn--offset--tablet--0 aem-GridColumn--tablet--none aem-GridColumn--default--5 aem-GridColumn--offset--default--0 aem-GridColumn--default--none aem-GridColumn--desktop--6 aem-GridColumn--offset--desktop--0 aem-GridColumn--desktop--none aem-GridColumn--phone--12 aem-GridColumn--offset--phone--0 aem-GridColumn--phone--none"> <div id="container-5d5a43ef1f" class="cmp-container"> <div class="aem-Grid aem-Grid--5 aem-Grid--tablet--6 aem-Grid--default--5 aem-Grid--desktop--6 aem-Grid--phone--12 "> <div class="jumpto aem-GridColumn--phone--12 aem-GridColumn--desktop--6 aem-GridColumn aem-GridColumn--default--5 aem-GridColumn--tablet--6"> <div class="ifc-cmp-jumpto"> <nav class=" ifc__page_tablist"> <div class="ifc__page_tablist_title">Jump To</div> <ul class="ifc__page_tablist_menu"> <li><a href="#bonds">Our Impact</a></li> <li><a href="#impactreports">Reports</a></li> </ul> </nav> <div class="ifc__dropdown ifc__m_page_tablist"> <span class="ifc__dropdown_label sr-only" id="sr-regiontitle">Select a Region Sub navigation page <span class="sr-only">selecting option, jump to that section</span></span> <div class="ifc__dropdown_group"> <button class="ifc__dropdown_toggle" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false" aria-labelledby="sr-regiontitle sr-regionbtn" id="sr-regionbtn">Jump To</button> <ul class="dropdown-menu ifc__dropdown_menu" aria-labelledby="sr-regiontitle" style=""> <li><a class="dropdown-item" href="#bonds">Our Impact</a></li> <li><a class="dropdown-item" href="#impactreports">Reports</a></li> </ul> </div> </div> </div></div> </div> </div> </div> <div class="container responsivegrid aem-GridColumn aem-GridColumn--tablet--6 aem-GridColumn--offset--tablet--0 aem-GridColumn--tablet--none aem-GridColumn--default--7 aem-GridColumn--offset--default--0 aem-GridColumn--default--none aem-GridColumn--desktop--6 aem-GridColumn--offset--desktop--0 aem-GridColumn--desktop--none aem-GridColumn--phone--12 aem-GridColumn--offset--phone--0 aem-GridColumn--phone--none"> <div id="container-5977c9d40a" class="cmp-container"> <div class="aem-Grid aem-Grid--7 aem-Grid--tablet--6 aem-Grid--default--7 aem-Grid--desktop--6 aem-Grid--phone--12 "> <div class="text ifc__body_content ifc__paragraph_lg generic-ui-text aem-GridColumn--phone--12 aem-GridColumn--desktop--6 aem-GridColumn aem-GridColumn--default--7 aem-GridColumn--tablet--6"> <div id="text-729b745576" class="cmp-text"> <p><b>IFC’s social bonds offer investors an opportunity to finance IFC projects that benefit under-served populations in emerging markets, including women and low-income communities with limited access to essential services such as basic infrastructure, healthcare, finance and sanitation.</b></p> <p><b><a href="/content/dam/ifc/doclink/2024/ifc-social-bonds-factsheet.pdf" target="_blank">Download IFC Social Bond Factsheet</a></b></p> <p><b><a href="/content/dam/ifc/doc/2024/IFC-FY23-Social-Bond-Project-Table.xlsx" target="_blank">Download IFC FY23 Social Bond Project Table</a></b></p> </div> </div> </div> </div> </div> </div> </div> <div class="columncontrol aem-GridColumn aem-GridColumn--default--12"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12"> <div class="container responsivegrid aem-GridColumn aem-GridColumn--tablet--8 aem-GridColumn--offset--tablet--0 aem-GridColumn--tablet--none aem-GridColumn--default--8 aem-GridColumn--offset--default--0 aem-GridColumn--default--none aem-GridColumn--desktop--8 aem-GridColumn--offset--desktop--0 aem-GridColumn--desktop--none aem-GridColumn--phone--12 aem-GridColumn--offset--phone--0 aem-GridColumn--phone--none"> <div id="container-ae9df39f25" class="cmp-container"> <div class="aem-Grid aem-Grid--8 aem-Grid--tablet--8 aem-Grid--default--8 aem-Grid--desktop--8 aem-Grid--phone--12 "> <div class="text ifc__body_content ifc__paragraph_lg generic-ui-text aem-GridColumn--desktop--8 aem-GridColumn--phone--12 aem-GridColumn aem-GridColumn--tablet--8 aem-GridColumn--default--8"> <div id="text-b36885f345" class="cmp-text"> <p>IFC is the only institution in the World Bank to issue social bonds. IFC has been a pioneer of the social bond market and one of the largest global issuers of social bonds in various currencies and tenors. IFC’s Social Bond Program, launched in 2017, aligns with the Social Bond Principles. </p> <p>IFC’s Social Bond Program supports projects that aim to achieve positive social outcomes especially but not exclusively for a target population. These include projects financed by IFC, such as:</p> <p>IFC’s <a href="/en/what-we-do/sector-expertise/financial-institutions/gender-finance/banking-on-women" target="_self">Banking on Women</a>: Projects that lend to financial intermediaries with the requirement that IFC loan proceeds be on-lent to women-owned micro, small, and medium enterprises.</p> <p>IFC’s <a href="/en/what-we-do/sector-expertise/gender/inclusive-business" target="_self">Inclusive Business:</a> Projects with companies that integrate underserved people at the base of the pyramid into a company’s value chain. For example, projects which:</p> <p>• Provide health or education services</p> <p>• Develop affordable housing</p> <p>• Expand access to telecommunications, such as broadband or mobile phones</p> <p>• Provide electricity or water services</p> <p>• Source from small farmers</p> <p>• Offer access to finance</p> <p>• Sell through small mom-and-pop retailers</p> </div> </div> <div class="title ifc__title aem-GridColumn--desktop--8 aem-GridColumn--phone--12 aem-GridColumn aem-GridColumn--tablet--8 aem-GridColumn--default--8"> <div id="bonds" class="cmp-title"> <h2 class="cmp-title__text">IFC Cumulative Social Bond Issuance (as of June 30, 2024)</h2> </div> </div> <div class="columncontrol aem-GridColumn--desktop--8 aem-GridColumn--phone--12 aem-GridColumn aem-GridColumn--tablet--8 aem-GridColumn--default--8"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12"> <div class="container responsivegrid aem-GridColumn aem-GridColumn--tablet--4 aem-GridColumn--offset--tablet--0 aem-GridColumn--tablet--none aem-GridColumn--default--4 aem-GridColumn--offset--default--0 aem-GridColumn--default--none aem-GridColumn--desktop--4 aem-GridColumn--offset--desktop--0 aem-GridColumn--desktop--none aem-GridColumn--phone--12 aem-GridColumn--offset--phone--0 aem-GridColumn--phone--none"> <div id="container-6c1f018e2d" class="cmp-container"> <div class="aem-Grid aem-Grid--4 aem-Grid--tablet--4 aem-Grid--default--4 aem-Grid--desktop--4 aem-Grid--phone--12 "> <div class="text ifc__body_content ifc__paragraph_lg generic-ui-text aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> <div id="text-e178317b74" class="cmp-text"> <blockquote>$8.4 billion</blockquote> <p style="margin-left: 40.0px;">in volume</p> </div> </div> </div> </div> </div> <div class="container responsivegrid aem-GridColumn aem-GridColumn--tablet--4 aem-GridColumn--offset--tablet--0 aem-GridColumn--tablet--none aem-GridColumn--default--4 aem-GridColumn--offset--default--0 aem-GridColumn--default--none aem-GridColumn--desktop--4 aem-GridColumn--offset--desktop--0 aem-GridColumn--desktop--none aem-GridColumn--phone--12 aem-GridColumn--offset--phone--0 aem-GridColumn--phone--none"> <div id="container-9acc99c4fb" class="cmp-container"> <div class="aem-Grid aem-Grid--4 aem-Grid--tablet--4 aem-Grid--default--4 aem-Grid--desktop--4 aem-Grid--phone--12 "> <div class="text ifc__body_content ifc__paragraph_lg generic-ui-text aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> <div id="text-0704af3964" class="cmp-text"> <blockquote>97</blockquote> <p style="margin-left: 40.0px;">in bonds and taps</p> </div> </div> </div> </div> </div> <div class="container responsivegrid aem-GridColumn aem-GridColumn--tablet--4 aem-GridColumn--offset--tablet--0 aem-GridColumn--tablet--none aem-GridColumn--default--4 aem-GridColumn--offset--default--0 aem-GridColumn--default--none aem-GridColumn--desktop--4 aem-GridColumn--offset--desktop--0 aem-GridColumn--desktop--none aem-GridColumn--phone--12 aem-GridColumn--offset--phone--0 aem-GridColumn--phone--none"> <div id="container-46a7a955e6" class="cmp-container"> <div class="aem-Grid aem-Grid--4 aem-Grid--tablet--4 aem-Grid--default--4 aem-Grid--desktop--4 aem-Grid--phone--12 "> <div class="text ifc__body_content ifc__paragraph_lg generic-ui-text aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> <div id="text-b365e71501" class="cmp-text"> <blockquote>14</blockquote> <p style="margin-left: 40.0px;">currencies</p> </div> </div> </div> </div> </div> </div> </div> <div class="text ifc__body_content ifc__paragraph_lg generic-ui-text aem-GridColumn--desktop--8 aem-GridColumn--phone--12 aem-GridColumn aem-GridColumn--tablet--8 aem-GridColumn--default--8"> <div id="impactreports" class="cmp-text"> <p><b>Impact Reports</b></p> <p><a href="/en/insights-reports/2024/green-social-bond-impact-report-fy23" target="_blank">FY2023 Green and Social Bond Impact Report</a></p> <p><a href="/content/dam/ifc/doc/2023/IFC-GreenSocialBondReport-Final.pdf" target="_blank">FY2022 Green and Social Bond Impact Report</a></p> <p><a href="/content/dam/ifc/doc/2023/FY21-IFC-Social-Bond-Impact-Report.pdf" target="_blank">FY2021 Social Bond Impact Report</a></p> <p><a href="/content/dam/ifc/doc/2023/IFC-Social-Bond-Impact-Report-FY20-FINAL.pdf" target="_blank">FY2020 Social Bond Impact Report</a></p> <p><a href="/content/dam/ifc/doc/2023/FY19-IFC-Social-Bond-Report-FINAL.pdf" target="_blank">FY2019 Social Bond Impact Report</a></p> <p><a href="/content/dam/ifc/doc/mgrt/ifc-social-bond-impact-report-fy18-final-03132019.pdf" target="_blank">FY2018 Social Bond Impact Report</a></p> <p><a href="/content/dam/ifc/doc/2023/IFC-Social-Bond-Impact-Report-FY17-FINAL.pdf" target="_blank">FY2017 Social Bond Impact Report</a></p> </div> </div> </div> </div> </div> <div class="container responsivegrid aem-GridColumn aem-GridColumn--tablet--4 aem-GridColumn--offset--tablet--0 aem-GridColumn--tablet--none aem-GridColumn--default--4 aem-GridColumn--offset--default--0 aem-GridColumn--default--none aem-GridColumn--desktop--4 aem-GridColumn--offset--desktop--0 aem-GridColumn--desktop--none aem-GridColumn--phone--12 aem-GridColumn--offset--phone--0 aem-GridColumn--phone--none"> <div id="container-843ce2acfc" class="cmp-container"> <div class="aem-Grid aem-Grid--4 aem-Grid--tablet--4 aem-Grid--default--4 aem-Grid--desktop--4 aem-Grid--phone--12 "> <div class="teaser primary_card_compoents ifc__card bg_gray aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> <div class="cmp-teaser"> <div class="cmp-teaser__image"> <div data-cmp-dmimage data-asset-id="75c800aa-a598-4d94-98ad-925ce3000ef1" id="teaser-e1be08aae2-image" class="cmp-image" itemscope> <img src="https://s7d1.scene7.com/is/image/wbcollab/green-and-social-bond-impact-report-fy23-cover?qlt=90&fmt=webp" loading="lazy" class="cmp-image__image" itemprop="contentUrl" width="1280" height="989" alt/> </div> </div> <div class="cmp-teaser__content"> <h2 class="cmp-teaser__title"> Featured Resources </h2> <div class="cmp-teaser__description"><ul> <li><a href="/en/insights-reports/2024/green-social-bond-impact-report-fy23">Financial Year 2023: Green and Social Bond Impact Report</a></li> <li><a href="/content/dam/ifc/doc/mgrt/bonds-to-bridge-the-gender-gap.pdf">Bonds to Bridge the Gender Gap: A Practitioner's Guide to Using Sustainable Debt for Gender Equality</a><br /> </li> <li><a href="/en/insights-reports/2020/emcompass-note-83-social-bonds-covid-19">Social Bonds Can Help Mitigate the Economic and Social Effects of the COVID-19 Crisis</a></li> </ul> </div> <div class="cmp-teaser__action-container"> <ul> </ul> </div> </div> </div> </div> <div class="text ifc__body_content ifc__paragraph_lg generic-ui-text aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> </div> <div class="ifcvideo aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> <div class="ifc-embed"> <div class="ifc__embed_responsive ifc__embed_responsive_16by9 "> <iframe width="100%" height="390" title="IFC Social Bonds: Financial return, Social return" src="https://www.youtube.com/embed/lxLTU625x_M" frameborder="0" allowfullscreen></iframe> </div> </div> </div> <div class="teaser primary_card_compoents ifc__card bg_gray aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> <div class="cmp-teaser"> <div class="cmp-teaser__content"> <h2 class="cmp-teaser__title"> External Resources </h2> <div class="cmp-teaser__description"><ul> <li><a href="/content/dam/ifc/photos/2023/Harmonised-framework-for-impact-reporting-for-social-bonds-June-2023-220623.pdf">Harmonized Framework for Impact Reporting for Social Bonds </a><br /> </li> <li><a href="/content/dam/ifc/doc/2023/Green-Social-and-Sustainability-Bonds-A-High-Level-Mapping-to-the-Sustainable-Development-Goals-June-2023.pdf">Green, Social and Sustainability Bonds: A High-Level Mapping to the SDGs</a></li> </ul> </div> <div class="cmp-teaser__action-container"> <ul> </ul> </div> </div> </div> </div> <div class="teaser primary_card_compoents ifc__card bg_gray aem-GridColumn--phone--12 aem-GridColumn--tablet--4 aem-GridColumn aem-GridColumn--desktop--4 aem-GridColumn--default--4"> <div class="cmp-teaser"> <div class="cmp-teaser__content"> <h2 class="cmp-teaser__title"> Recent Announcements </h2> <div class="cmp-teaser__description"><ul> <li><a href="https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=27509"></a><a href="https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=27893">IFC Issues 1.5 Billion USD Social Bond</a></li> <li><a href="https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=27509">IFC Issues 500 Million Canadian Dollar Social Bond</a><br /> </li> <li><a href="https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=27300">IFC Issues First New Zealand Dollar Social Bond</a></li> </ul> </div> <div class="cmp-teaser__action-container"> <ul> </ul> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="container responsivegrid layer-gray-white-gradient aem-GridColumn aem-GridColumn--default--12"> </div> <div class="container responsivegrid layer-white ifc-grid-fluid aem-GridColumn aem-GridColumn--default--12"> </div> <div class="container responsivegrid layer-white aem-GridColumn aem-GridColumn--default--12"> </div> <div class="container responsivegrid layer-gray aem-GridColumn aem-GridColumn--default--12"> </div> </div> </div> </main> <div class="experiencefragment aem-GridColumn aem-GridColumn--default--12"> <div id="experiencefragment-f749c49942" class="cmp-experiencefragment cmp-experiencefragment--globalfooter"> <div id="container-95befdb325" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="footer aem-GridColumn aem-GridColumn--default--12"><footer class="layer-black hidden-xs"> <div class="ifc-grid"> <div class="ifc__footer_top_section"> <div class="aem-Grid"> <div class="aem-GridColumn--default--8 aem-GridColumn--desktop--7 aem-GridColumn--tablet--6 aem-GridColumn--phone--12"> <div class="ifc__footer_top_left"> <a href="/en/home" target="_self" class="ifc__navbar_brand"><img title="Logo Image Title" alt="IFC Logo Image alt" src="/content/dam/ifc/corporate/logo/WBG-Horizontal-white-web.png" class="img-responsive" width="200" height="35"/> </a> </div> <div class="ifc__listinline"> <ul> <li class="disclaimer"><a href="https://www.worldbank.org/en/who-we-are/ibrd" target="_blank">IBRD</a></li> <li class="disclaimer"><a href="https://ida.worldbank.org/" target="_blank">IDA</a></li> <li class="disclaimer"><a href="https://www.ifc.org/" target="_blank">IFC</a></li> <li class="disclaimer"><a href="https://www.miga.org/" target="_blank">MIGA</a></li> <li class="disclaimer"><a href="https://icsid.worldbank.org/" target="_blank">ICSID</a></li> </ul> </div> </div> <div class="aem-GridColumn--default--4 aem-GridColumn--desktop--5 aem-GridColumn--tablet--6 aem-GridColumn--phone--12"> <div class="ifc__social_media"> <ul> <li><a href="https://www.facebook.com/IFCwbg" target="_blank" class="lp lp-fb" data-customlink="sm:footer" data-text="facebook"><span class="sr-only">facebook</span></a></li> <li><a href="https://twitter.com/IFC_org" target="_blank" class="lp lp-twit" data-customlink="sm:footer" data-text="Twitter"><span class="sr-only">Twitter</span></a></li> <li><a href="https://www.linkedin.com/company/ifclinkedin" target="_blank" class="lp lp-linkln" data-customlink="sm:footer" data-text="Linkedin"><span class="sr-only">Linkedin</span></a></li> <li><a href="https://www.youtube.com/user/IFCvideocasts" target="_blank" class="lp lp-youtube-solid" data-customlink="sm:footer" data-text="Youtube"><span class="sr-only">Youtube</span></a></li> <li><a href="https://instagram.com/ifc_org" target="_blank" class="lp lp-instagram-solid" data-customlink="sm:footer" data-text="Instagram"><span class="sr-only">Instagram</span></a></li> <li><a href="https://whatsapp.com/channel/0029Vafs61rKbYMLhUtnaA0d" target="_blank" class="lp lp-whatsup-solid" data-customlink="sm:footer" data-text="WhatsApp"><span class="sr-only">WhatsApp</span></a></li> </ul> </div> </div> </div> </div> <div class="ifc__footer_bottom_section"> <div class="ifc__footer_bottom_b_section"> <div class="ifc__listinline"> <ul> <li class="disclaimer"><a href="/en/about" target="_self">About IFC</a></li> <li class="disclaimer"><a href="/en/our-impact" target="_self">Our Impact</a></li> <li class="disclaimer"><a href="/en/about/careers" target="_self">Careers</a></li> <li class="disclaimer"> <div class="ifc__lang_dropdown"> <div class="sr-only" id="language-dropdown">Global language toggler</div> <button type="button" class="ifc__lang_label" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false" id="global-language" aria-labelledby="language-dropdown global-language">English</button> <div class="ifc__dropdown_menu dropdown-menu" aria-labelledby="language-dropdown"> <ul> <li lang="ja"><a class="dropdown-item" href="/ja/home" target="_self">日本語</a></li> <li lang="fr"><a class="dropdown-item" href="/fr/home" target="_self">Français</a></li> <li lang="ar"><a class="dropdown-item" href="/ar/home" target="_self">عربي</a></li> <li lang="en"><a class="dropdown-item" href="/en/home" target="_self">English</a></li> </ul> </div> </div> </li> </ul> </div> <div class="ifc__footer_fraud"> <ul> <li><a target="_self">© 2024 IFC</a></li> <li><a href="https://www.ifc.org/en/legal/terms-and-conditions-of-use" target="_blank">User Agreement</a></li> <li><a href="https://www.ifc.org/en/legal/privacy" target="_blank">Privacy</a></li> <li><a href="https://www.ifc.org/en/legal/scam-warning" target="_blank">Scam Warning</a></li> <li><a href="https://disclosures.ifc.org/inquiries" target="_blank">General Inquiry</a></li> </ul> </div> </div> </div> </div> </footer> <footer class="layer-black hidden-lg hidden-md hidden-sm"> <div class="ifc-grid"> <div class="ifc__footer_top_section"> <div class="aem-Grid"> <div class="aem-GridColumn--default--12 aem-GridColumn--desktop--12 aem-GridColumn--tablet--12 aem-GridColumn--phone--12"> <div class="ifc__footer_top_left"> <a href="/en/home" target="_self" class="ifc__navbar_brand"><img title="Logo Image Title" alt="IFC Logo Image alt" src="/content/dam/ifc/corporate/logo/WBG-Horizontal-white-web.png" class="img-responsive" width="200" height="35"/> </a> </div> <div class="ifc__listinline"> <ul> <li class="disclaimer"><a href="https://www.worldbank.org/en/who-we-are/ibrd" target="_blank">IBRD</a></li> <li class="disclaimer"><a href="https://ida.worldbank.org/" target="_blank">IDA</a></li> <li class="disclaimer"><a href="https://www.ifc.org/" target="_blank">IFC</a></li> <li class="disclaimer"><a href="https://www.miga.org/" target="_blank">MIGA</a></li> <li class="disclaimer"><a href="https://icsid.worldbank.org/" target="_blank">ICSID</a></li> </ul> </div> </div> <div class="aem-GridColumn--default--12 aem-GridColumn--desktop--12 aem-GridColumn--tablet--12 aem-GridColumn--phone--12"> <div class="ifc__listinline"> <ul> <li class="disclaimer"><a href="/en/about" target="_self">About IFC</a></li> <li class="disclaimer"><a href="/en/our-impact" target="_self">Our Impact</a></li> <li class="disclaimer"><a href="/en/about/careers" target="_self">Careers</a></li> <li class="disclaimer"> <div class="ifc__lang_dropdown"> <div class="sr-only" id="language-dropdown1">Global language toggler</div> <button type="button" class="ifc__lang_label" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false" id="global-language1" aria-labelledby="language-dropdown1 global-language1">English</button> <div class="ifc__dropdown_menu dropdown-menu" aria-labelledby="language-dropdown1"> <ul> <li lang="ja"><a class="dropdown-item" href="/ja/home" target="_self">日本語</a></li> <li lang="fr"><a class="dropdown-item" href="/fr/home" target="_self">Français</a></li> <li lang="ar"><a class="dropdown-item" href="/ar/home" target="_self">عربي</a></li> <li lang="en"><a class="dropdown-item" href="/en/home" target="_self">English</a></li> </ul> </div> </div> </li> </ul> </div> </div> <div class="aem-GridColumn--default--12 aem-GridColumn--desktop--12 aem-GridColumn--tablet--12 aem-GridColumn--phone--12"> <div class="ifc__social_media"> <ul> <li><a href="https://www.facebook.com/IFCwbg" target="_blank" class="lp lp-fb" data-customlink="sm:footer" data-text="facebook"><span class="sr-only">facebook</span></a></li> <li><a href="https://twitter.com/IFC_org" target="_blank" class="lp lp-twit" data-customlink="sm:footer" data-text="Twitter"><span class="sr-only">Twitter</span></a></li> <li><a href="https://www.linkedin.com/company/ifclinkedin" target="_blank" class="lp lp-linkln" data-customlink="sm:footer" data-text="Linkedin"><span class="sr-only">Linkedin</span></a></li> <li><a href="https://www.youtube.com/user/IFCvideocasts" target="_blank" class="lp lp-youtube-solid" data-customlink="sm:footer" data-text="Youtube"><span class="sr-only">Youtube</span></a></li> <li><a href="https://instagram.com/ifc_org" target="_blank" class="lp lp-instagram-solid" data-customlink="sm:footer" data-text="Instagram"><span class="sr-only">Instagram</span></a></li> <li><a href="https://whatsapp.com/channel/0029Vafs61rKbYMLhUtnaA0d" target="_blank" class="lp lp-whatsup-solid" data-customlink="sm:footer" data-text="WhatsApp"><span class="sr-only">WhatsApp</span></a></li> </ul> </div> </div> </div> </div> <div class="ifc__footer_bottom_section"> <div class="ifc__footer_bottom_b_section"> <div class="ifc__footer_fraud"> <ul> <li><a target="_self">© 2024 IFC</a></li> <li><a href="https://www.ifc.org/en/legal/terms-and-conditions-of-use" target="_blank">User Agreement</a></li> <li><a href="https://www.ifc.org/en/legal/privacy" target="_blank">Privacy</a></li> <li><a href="https://www.ifc.org/en/legal/scam-warning" target="_blank">Scam Warning</a></li> <li><a href="https://disclosures.ifc.org/inquiries" target="_blank">General Inquiry</a></li> </ul> </div> </div> </div> </div> </footer> </div> </div> </div> </div> </div> </div> </div> </div> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-site-publish.js"></script> <script type="text/javascript"> var appInsights=window.appInsights||function(a){ function b(a){c[a]=function(){var b=arguments;c.queue.push(function(){c[a].apply(c,b)})}}var c={config:a},d=document,e=window;setTimeout(function(){var b=d.createElement("script");b.src=a.url||"https://az416426.vo.msecnd.net/scripts/a/ai.0.js",d.getElementsByTagName("script")[0].parentNode.appendChild(b)});try{c.cookie=d.cookie}catch(a){}c.queue=[];for(var f=["Event","Exception","Metric","PageView","Trace","Dependency"];f.length;)b("track"+f.pop());if(b("setAuthenticatedUserContext"),b("clearAuthenticatedUserContext"),b("startTrackEvent"),b("stopTrackEvent"),b("startTrackPage"),b("stopTrackPage"),b("flush"),!a.disableExceptionTracking){f="onerror",b("_"+f);var g=e[f];e[f]=function(a,b,d,e,h){var i=g&&g(a,b,d,e,h);return!0!==i&&c["_"+f](a,b,d,e,h),i}}return c }({ instrumentationKey:"2ddee9f8-57ef-4c0e-8810-a2f743116654" }); window.appInsights=appInsights,appInsights.queue&&0===appInsights.queue.length&&appInsights.trackPageView(); </script> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-vendor/jquery.js"></script> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-vendor/popper.js"></script> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-vendor/bootstrap.js"></script> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-site-icon.js"></script> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-site-author.js"></script> <script src="/etc.clientlibs/core/wcm/components/commons/site/clientlibs/container.js"></script> <script src="/etc.clientlibs/core/wcm/components/commons/site/clientlibs/utils.js"></script> <script src="/etc.clientlibs/core/wcm/components/commons/site/clientlibs/imageDynamicMedia.js"></script> <script src="/etc.clientlibs/ifc/clientlibs/clientlib-base.js"></script> </body> </html>

CINXE.COM

Social Bonds | International Finance Corporation (IFC)