Publication: IFC Financials and Projects 2014 : Big Challenges, Big Solutions
Date
2014-09-25
ISSN
Published
2014-09-25
Author(s)
International Finance Corporation
Abstract
International Finance Corporation (IFC
or the Corporation) is the largest global development
institution focused on the private sector in developing
countries. Established in 1956, IFC is owned by 184 member
countries, a group that collectively determines its
policies. IFC is a member of the World Bank Group (WBG)1 but
is a legal entity separate and distinct from IBRD, IDA,
MIGA, and ICSID, with its own Articles of Agreement, share
capital, financial structure, management, and staff.
Membership in IFC is open only to member countries of IBRD.
At the 2013 Spring Meetings, the WBG adopted two ambitious
goals: to end extreme poverty by 2030 and to boost shared
prosperity for the poorest 40 percent in developing
countries. At the Annual Meetings in October 2013, the Board
of Governors approved the first strategy for the WBG focused
on delivery of transformational solutions, marshaling
combined resources more effectively, and accelerating
collaboration with the private sector and our development
partners. IFC s strategic focus areas are: strengthening the
focus on frontier markets; addressing climate change and
ensuring environmental and social sustainability; addressing
constraints to private sector growth in infrastructure,
health, education, and the food-supply chain; developing
local financial markets; and building long-term client
relationships in emerging markets.
Link to Data Set
Citation
“International Finance Corporation. 2014. IFC Financials and Projects 2014 : Big Challenges, Big Solutions. © Washington, DC: World Bank Group. http://hdl.handle.net/10986/20258 License: CC BY-NC-ND 3.0 IGO.”