IFC finances projects and businesses through loans on its own account, usually for a period of seven to 12 years. We also lend to intermediary banks, leasing companies and other financial institutions for subsequent loans. While IFC loans have traditionally been denominated in the currencies of major industrialized countries, we have made the structure of local currency products a priority. The IFC provided financing in 74 local currencies. In fiscal 2019, we committed $7.1 billion in new loans on our own account […].