
"In this year's report IEG provides a first global review of advisory services by IFC - knowledge services to private firms and governments in support of private sector development, such as customized training or advice on investment promotion and policy. IFC's advisory portfolio has grown tenfold, to nearly $1 billion, in the last seven years, and IFC now has more advisory than investment staff in the field. The substantial growth of this business line raises important questions related to the appropriate balance of advisory and investment services to ensure maximum development impact."