This executive summary highlights selected information and may not contain all of the information that is important to readers of this document. For a complete description of IFC’s FY23’s performance, as well as the risks and critical accounting estimates affecting IFC, this MD&A should be read in its entirety.With its many years of experience and its depth of knowledge in the international development arena, IFC plays a key role in achieving the World Bank Group’s (WBG1 ) goal of helping countries achieve better devel￾opment outcomes. IFC contributes to both the WBG’s twin goals of ending extreme poverty and promoting shared prosperity, and to the Forward Look2 , by providing financing and advisory services primarily to the private sector in developing countries that are members of IFC. IFC and its affiliated organizations seek to help countries achieve improvements in growth, job creation, poverty reduction, governance, the environment, climate adaptation and resilience, human capital, infrastructure and debt transparency. To further enhance these efforts, the Board and Management have been working on an Evolution Roadmap for the WBG to better address the scale of development challenges by adapting the WBG’s vision and mission, strengthening its operating model, and enhancing its financial capacity and model. The roadmap puts strong emphasis on the private sector and on IFC as key partner to support coordinated efforts around global priorities. Key priorities for IFC in the Evolution Roadmap include enabling and facilitating mobilization of private capital across developing and emerging markets, leveraging the expertise from across the WBG in support of the global development agenda, and scaling blended finance. Management is in the process of advancing agreed actions and developing further proposals.