abhishreshthaa
Abhijeet S
IFC
The International Finance Corporation (IFC) 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 Mission Statement.
Established in 1956, 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:
The History of IFC
The world was a different place 40 years ago. No one spoke of emerging markets. There was no worldwide trend toward privatization, no communications revolution, no globalized economy. World population was less than half of what it is today.
The economies of poor countries were still in very early stages of development, lacking the human resources, physical infrastructure and sound institutions needed to raise incomes and improve living standards. The responsibility for development was almost universally assigned to the public sector. Private sector investment in developing countries was small, and not much thought was given to increasing it.
It was into this environment that the International Finance Corporation was born in 1956.
For several years officials of the World Bank had been supporting the creation of a new and different entity to complement their own. The World Bank had been founded to finance post-World War II reconstruction and development projects by lending money to member governments, and had been doing so effectively. Yet in its initial years, some senior staff had seen the need for creating a related institution to spur greater
OBJECTIVES OF IFC:
• Financing private sector projects located in the developing world.
• Helping private companies in the developing world mobilize financing in international financial markets.
• Providing advice and technical assistance to businesses and governments.
IFC Mission Statement
The mission of IFC, part of the World Bank Group, is to promote sustainable private sector development in developing countries, helping to reduce poverty and improve people's lives
The International Finance Corporation (IFC) 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 Mission Statement.
Established in 1956, 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:
The History of IFC
The world was a different place 40 years ago. No one spoke of emerging markets. There was no worldwide trend toward privatization, no communications revolution, no globalized economy. World population was less than half of what it is today.
The economies of poor countries were still in very early stages of development, lacking the human resources, physical infrastructure and sound institutions needed to raise incomes and improve living standards. The responsibility for development was almost universally assigned to the public sector. Private sector investment in developing countries was small, and not much thought was given to increasing it.
It was into this environment that the International Finance Corporation was born in 1956.
For several years officials of the World Bank had been supporting the creation of a new and different entity to complement their own. The World Bank had been founded to finance post-World War II reconstruction and development projects by lending money to member governments, and had been doing so effectively. Yet in its initial years, some senior staff had seen the need for creating a related institution to spur greater
OBJECTIVES OF IFC:
• Financing private sector projects located in the developing world.
• Helping private companies in the developing world mobilize financing in international financial markets.
• Providing advice and technical assistance to businesses and governments.
IFC Mission Statement
The mission of IFC, part of the World Bank Group, is to promote sustainable private sector development in developing countries, helping to reduce poverty and improve people's lives