International Finance Corporation
6.2 Ownership and management
6.3 IFC's Objectives
6.4 Funds of IFC
6.5 IFC’S Strategic Focus
6.6 Financial Products & Advisory services of IFC 6.6.1 Financial Services 6.6.2 Advisory Services
6.7 Project Cycle
6.9 Practice Questions
6.10 Suggested Readings
After reading this chapter the students should be able to: 1. know what is IFC. 2. understand its management and funding. 3. understand its main activities.
The International Finance Corporation (IFC) is one of the world bank group institution was set up in 1956 to promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve people's lives. IFC is a member of the World Bank Group and is headquartered in Washington, DC. It shares the primary objective of all World Bank Group institutions: to improve the quality of the lives of people in its developing member countries. IFC is the largest multilateral source of loan and equity financing for private sector projects in the developing world. It promotes sustainable private sector development primarily by: 1. Financing private sector projects and companies located in the developing world. 2. Helping private companies in the developing world mobilize financing in international financial markets. 3. Providing advice and technical assistance to businesses and governments.
IFC's mandate is to promote sustainable economic development through the private sector. IFC pursues this goal through innovative solutions to the challenges of development, as it invest in companies and financial institutions in emerging markets.
IFC considers positive developmental impact an integral part of good business, and focus much of its effort on the countries with the greatest need for investment. IFC recognize that economic growth is sustainable only if it is