International Finance Corporation2014-09-292014-09-292014https://hdl.handle.net/10986/20257International 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.en-USCC BY-NC-ND 3.0 IGOACCESS TO EDUCATIONACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO SERVICESACCOUNTABILITYACCOUNTINGADVICE TO GOVERNMENTSADVISORY SERVICESADVISORY WORKAFFORDABILITYAFFORDABLE HOUSINGAGRICULTURAL SECTORARBITRATIONASSET MANAGEMENTBANK ACCOUNTBANK CAPITALIZATIONBANKING INSTITUTIONSBANKSBENEFICIARIESBIDBONDBOND ISSUANCESBONDSCAPITAL FLOWSCAPITAL MARKETSCAPITALIZATIONCENTRAL BANKCOLLATERALCOLLATERAL FOR LOANSCOLLATERAL REGISTRYCOLLECTIVE ACTIONCOMMERCIAL BANKSCOMPETITIVE MARKETSCONSOLIDATED FINANCIAL STATEMENTSCOOPERATIVESCORPORATE BONDCORPORATE BOND ISSUANCECORPORATE BOND ISSUERSCORPORATE GOVERNANCECREDIT ENHANCEMENTCREDIT GUARANTEECREDIT RATINGCREDITSCURRENCYDEBTDEBT FUNDDEBT SECURITIESDERIVATIVEDERIVATIVE PRODUCTSDERIVATIVESDERIVATIVES MARKETDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT BANKSDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONSDIRECT INVESTMENTSDISBURSEMENTSECONOMIC DEVELOPMENTECONOMIC GROWTHEDUCATIONAL BENEFITSELEMENTARY SCHOOLEMERGING MARKETSEMPLOYERSENTERPRISE DEVELOPMENTENTREPRENEURSENTREPRENEURSHIPEQUIPMENTEQUITY FUNDEQUITY FUNDSEQUITY INVESTMENTSEQUITY PRODUCTSEQUITY RATIOEXCLUSIONSEXPENDITURESEXPORTERSEXTREME POVERTYFAIR VALUEFAMILIESFARMERSFINANCE CORPORATIONFINANCESFINANCIAL CAPACITYFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL MANAGEMENTFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL SERVICESFINANCIAL STATEMENTSFINANCIAL STRUCTUREFINANCIAL SYSTEMSFLOW OF CAPITALFOOD SHORTAGESFOREIGN CURRENCIESFOREIGN DIRECT INVESTMENTGENDERGENDER GAPGLOBAL ECONOMYGLOBAL TRADEGOVERNMENT REVENUESGREATER ACCESSGUARANTEE AGENCYHEALTH SERVICESHOLDINGSHOMEOWNERSHOUSEHOLDSHUMAN CAPITALHUMAN DEVELOPMENTIDINCOME GROUPSINEQUALITYINFORMATION TECHNOLOGIESINFORMATION TECHNOLOGYINSTITUTIONAL INVESTORSINSURANCEINTEREST RATEINTERMEDIARY BANKSINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL LABOR STANDARDSINVENTORIESINVENTORYINVENTORY AS COLLATERALINVESTINGINVESTMENT CLIMATEINVESTMENT FUNDSINVESTMENT PROJECTSINVESTOR CONFIDENCEISSUANCEJOB CREATIONJOB OPPORTUNITIESLAWSLENDERLENDING PORTFOLIOLINE OF CREDITLIQUIDITYLIVING STANDARDSLLCLOANLOAN PORTFOLIOLOAN PRODUCTSLOAN PROGRAMLOCAL BUSINESSESLOCAL CURRENCIESLOCAL ECONOMIESLOCAL FINANCIAL MARKETSLOCAL GOVERNMENTLONG-TERM CAPITALMARKET ACCESSMARKET MAKERSMICRO ENTREPRENEURSMICROFINANCEMICROFINANCE INSTITUTIONSMOVABLE ASSETSMULTILATERAL DEVELOPMENT BANKSNATURAL RESOURCESNEW BUSINESSNEW BUSINESS LOANSNEW MARKETNEW MARKETSNUTRITIONOPPORTUNITIES FOR WOMENPARTIAL CREDITPAYMENT OBLIGATIONSPENSIONPENSION FUNDSPOLITICAL RISKPORTFOLIO MANAGEMENTPRIVATE ENTERPRISEPRIVATE ENTERPRISESPRIVATE EQUITYPRIVATE INVESTMENTPRODUCTIVITYPUBLIC SERVICESPUBLIC TRANSPORTATIONPUBLIC-PRIVATE PARTNERSHIPSPURCHASING POWERREMITTANCESRESERVERESERVE AGAINST LOSSESRESOURCE ALLOCATIONRESOURCE MOBILIZATIONRETURNRETURNSRISK MANAGEMENTRISK MITIGATIONSAFETY NETSAVINGSSETTLEMENTSHARES OF INVESTMENTSSMALL BUSINESSESSMALL FARMERSSMALLHOLDERSMALLHOLDER FARMERSSOCIAL SERVICESSOURCES OF FINANCESTOCK EXCHANGESUBNATIONAL FINANCESUBORDINATED DEBTSUBSIDIARYSUPPLY CHAINSUPPLY CHAINSSWAPSTELECOMMUNICATIONSTRADE FINANCETRADINGTRANSACTIONTRANSPARENCYTRANSPORTTREASURYTRUST FUNDTRUST FUNDSUNEMPLOYMENTUNIVERSAL ACCESSURBAN AREASURBANIZATIONVULNERABLE PEOPLEWAREHOUSESWOMEN ENTREPRENEURSIFC Annual Report 2014 : Big Challenges, Big SolutionsInternational Finance Corporation10.1596/20257