CHAPTER TWO • OFID OPERATIONS BY SECTOR


Industry: Driving development


The least developed countries are still far behind in manufac- turing growth


Strategic context


Industry drives development by increasing productivity, creating jobs and generating income. Industrial activity also provides opportunities for social inclusion and can empower women and girls and create decent youth employment.


Despite progress, the least developed countries are still far behind in manufactur- ing growth, according to information from the United Nations Statistics Division. While manufacturing value added (MVA) per capita has increased globally, broader industrialization has been hampered by intense concentrations of production in some countries and regions. This has resulted in marked inequalities, with industrial productivity varying widely between richer and poorer regions. There is still much work to be done to support sustainable global industry.


By end-2018, OFID had committed a cumulative


$668.4m to industry operations


2.13 Industry commitments 2018 by region ($m)


30.0 Asia 25.0 Africa


2.14 Industry commitments 2018 by mechanism ($m)


30.0 Trade Finance 25.0 Private Sector


By the end of 2018, OFID had a committed a cumulative amount of $668.4m to industry operations.


Activities in 2018


Under OFID’s Private Sector and Trade Finance Facility, $55m was approved.


A detailed breakdown of operations can be found in Chapter 4. For more information please visit: http://www.ofid.org/FOCUS-Areas/Industry


Total commitments in 2018: $55.0m


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