International Finance Corporation Board of Governors Resolution No. 283 Use of IFC's FY24 Net Income: Retained Earnings and Designation of Retained Earnings

Jul 19, 2026

This document presents Resolution No. 283 of the International Finance Corporation (IFC) Board of Governors concerning the utilization of IFC's FY24 Net Income. The resolution outlines the approval for transferring $1.485 billion of the Corporation's FY24 Net Income to undesignated retained earnings. Furthermore, it details the approved designations of retained earnings: $107 million for IFC's Creating Markets Advisory Window and $152 million for IFC's Funding Mechanism for Technical Assistance and Advisory Services. The resolution also specifies the allocation of $100 million from undesignated retained earnings to the Surplus Account, followed by a subsequent transfer of the same amount from the Surplus Account to the IFC Frontier Opportunities Fund, contingent upon the Board of Directors' approval of its establishment. The resolution was adopted on December 18, 2024, and signifies key financial and strategic decisions regarding the corporation's retained earnings and their allocation towards advisory services and investment opportunities.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Resolution No. 283

Use of IFC's FY24 Net Income: Retained Earnings and Designation of Retained Earnings

RESOLVED:

1. Transfer of FY24 Net Income

2. Designation for Creating Markets Advisory Window

3. Designation for Funding Mechanism for Technical Assistance and Advisory Services

4. Allocation to Surplus Account and IFC Frontier Opportunities Fund

FAQs

What is the total net income for IFC in FY24?

IFC's net income for FY24 is US$1.485 billion, which is to be transferred to undesignated retained earnings.

How much retained earnings are designated for IFC's Creating Markets Advisory Window?

US$107 million of retained earnings is designated for IFC's Creating Markets Advisory Window.

What is the process for establishing the IFC Frontier Opportunities Fund?

US$100 million is allocated from undesignated retained earnings to the Surplus Account, and subsequently transferred to the IFC Frontier Opportunities Fund after the Board of Directors approves its establishment.

Jul 19, 2026

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