Volume 2 - IFC

table of contents
2 Management’s Discussion and Analysis
2 I. Overview
3 II. Financial Summary
5 III. Client Services
9 IV. Treasury Services
12 V. Enterprise Risk Management
18 VI. Critical Accounting Policies
20 VII. Results of Operations
27 VIII. Governance
29 Responsibility for External Financial Reporting
31 Independent Auditor’s Report
32 Financial Statements
73 Project Commitments
74 Sub-Saharan Africa
78 East Asia and the Pacifi c
82 South Asia
84 Europe and Central Asia
92 Latin America and the Caribbean
98 Middle East and North Africa
100 Global
102 Investment Portfolio
102 Statement of Cumulative Gross Commitments
106 Company Listing