Bac G1 - G2 2009 Oral Exam: The International Finance Corporation (IFC)

IFC is the largest multilateral source of loan and equity financing for private-sector projects in the developing world. It finances and provides advice for private-sector ventures and projects in developing countries in partnership with private investors and, through its advisory work, helps governments create conditions that stimulate the flow of both domestic and foreign private savings and investment.

Its focus is to promote economic development by encouraging the growth of productive enterprises and efficient capital markets in its member countries. IFC participates in an investment only when it can make a special contribution that complements the role of market investors. It also plays a catalytic role, stimulating and mobilizing private investment in the developing world by demonstrating that investment there can be profitable.
IFC is a separate entity within the World Bank group and its funds are distinct from those of International Bureau for Reconstruction and Development (IBRD). In fiscal 1999, IFC's Board of Directors approved 255 new projects amounting to $5.3 billion.

Adapted from Basic Facts about the United Nations