abhishreshthaa
Abhijeet S
IFC's Products and Services:
Ownership and Management
IFC has 175 member countries, which collectively determine its policies and approve investments. To join IFC, a country must first be a member of the IBRD. IFC's corporate powers are vested in its Board of Governors , to which member countries appoint representatives.
IFC's share capital, which is paid in, is provided by its member countries, and voting is in proportion to the number of shares held. IFC's authorized capital is $2.45 billion. Statement of Capital Stock and Voting Power .
The Board of Governors delegates many of its powers to the Board of Directors , which is composed of the Executive Directors of the IBRD, and which represents IFC's member countries. The Board of Directors reviews all projects.
Although IFC coordinates its activities in many areas with the other institutions in the World Bank Group, IFC generally operates independently as it is legally and financially autonomous with its own Articles of Agreement, share capital, management and staff.
Funding of IFC's Activities
IFC's equity and quasi-equity investments are funded out of its net worth: the total of paid in capital and retained earnings. Strong shareholder support and the substantial paid-in capital base have allowed IFC to raise most of the funds for its lending activities in the international financial markets through its triple-A rated bond issues. Of the funding required for its lending operations, 80 percent is borrowed through public bond issues or private placements. The remaining 20 percent is borrowed from the IBRD.
Established in 1956, IFC is the largest multilateral source of loan and equity financing for private sector projects in developing countries. It promotes sustainable private sector development primarily by:
• 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's particular focus is to promote economic development by encouraging the growth of productive enterprise and efficient capital markets in its member countries. In this context, the advisory work with governments helps create conditions that stimulate the flow of both domestic and foreign private savings and investment.
IFC participates in an investment only when it can make a special contribution that complements the role of market operators. Accordingly, it plays a catalytic role, stimulating and mobilizing private investment in the developing world
Ownership and Management
IFC has 175 member countries, which collectively determine its policies and approve investments. To join IFC, a country must first be a member of the IBRD. IFC's corporate powers are vested in its Board of Governors , to which member countries appoint representatives.
IFC's share capital, which is paid in, is provided by its member countries, and voting is in proportion to the number of shares held. IFC's authorized capital is $2.45 billion. Statement of Capital Stock and Voting Power .
The Board of Governors delegates many of its powers to the Board of Directors , which is composed of the Executive Directors of the IBRD, and which represents IFC's member countries. The Board of Directors reviews all projects.
Although IFC coordinates its activities in many areas with the other institutions in the World Bank Group, IFC generally operates independently as it is legally and financially autonomous with its own Articles of Agreement, share capital, management and staff.
Funding of IFC's Activities
IFC's equity and quasi-equity investments are funded out of its net worth: the total of paid in capital and retained earnings. Strong shareholder support and the substantial paid-in capital base have allowed IFC to raise most of the funds for its lending activities in the international financial markets through its triple-A rated bond issues. Of the funding required for its lending operations, 80 percent is borrowed through public bond issues or private placements. The remaining 20 percent is borrowed from the IBRD.
Established in 1956, IFC is the largest multilateral source of loan and equity financing for private sector projects in developing countries. It promotes sustainable private sector development primarily by:
• 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's particular focus is to promote economic development by encouraging the growth of productive enterprise and efficient capital markets in its member countries. In this context, the advisory work with governments helps create conditions that stimulate the flow of both domestic and foreign private savings and investment.
IFC participates in an investment only when it can make a special contribution that complements the role of market operators. Accordingly, it plays a catalytic role, stimulating and mobilizing private investment in the developing world