Financing of essential air transport infrastructure often represents a challenge for developing countries. The air transport sector is increasingly recognized as an
important field in the World Bank Group's development activities, in terms of expertise as well as its economic impact. Although air transport represents a modest part of the WBG's portfolio, the WBG is the international development institution devoting by far the largest amount of funding in the sector. (Read more in the paper: Financing of Essential Air Transport Infrastructure- A Challenge for Developing Countries)
In fiscal year 2009, there were 30 major projects in all regions
of IBRD and IDA, 26 active IFC investments and several
advisory mandates. The total active portfolio financed by loans
or grants of IBRD and IDA increased to $690 million, a
30.1% increase from the previous year.
However, IFC's air transport investment portfolio slightly decreased to $649.7 million from last year's $717.2 million. The decline in IFC's new commitments was mainly driven by the postponement of investment projects by some clients, in response to uncertainties of the economic context.