International Finance Corporation2014-09-292014-09-292014-09-25https://hdl.handle.net/10986/20258International 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 IGOACCOUNTINGASSET CLASSASSET MANAGEMENTASSET PORTFOLIOSASSET-BACKED SECURITIESASSET-LIABILITY MANAGEMENTASSET-LIABILITY MISMATCHESBALANCE SHEETBALANCE SHEETSBANKING INSTITUTIONSBASIS POINTBONDBOND MARKETSBONDSBORROWING COSTSBUYBACKSCALL OPTIONSCAPITAL ADEQUACYCAPITAL ALLOCATIONCAPITAL BASECAPITAL FLOWSCAPITAL MARKETS DEVELOPMENTCAPITAL REQUIREMENTSCAPITAL STOCKCAPITALIZATIONCASH FLOWSCENTRAL BANKCENTRAL BANKSCOLLATERALCOLLATERAL AGREEMENTSCOLLECTIVE INVESTMENTCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMERCIAL CREDITCOMPETITIVE MARKETSCONTRACTUAL OBLIGATIONCONTRACTUAL OBLIGATIONSCORPORATE GOVERNANCECORPORATE LAWCREDIT ASSESSMENTCREDIT DEFAULTCREDIT GUARANTEESCREDIT MARKETSCREDIT RATING AGENCIESCREDIT RATINGSCREDIT RISKCREDIT RISK EXPOSURECURRENCYCURRENCY RISKDEBTDEBT INSTRUMENTSDEBT ISSUANCEDEBT OBLIGATIONSDEBT SECURITIESDEBT SECURITYDEFAULT RISKDERIVATIVEDERIVATIVE INSTRUMENTSDERIVATIVE PRODUCTSDERIVATIVE TRANSACTIONDERIVATIVE TRANSACTIONSDERIVATIVESDERIVATIVES MARKETDEVELOPING COUNTRIESDEVELOPMENT FINANCEDISBURSEMENTDISBURSEMENTSDISCOUNT NOTEDOMESTIC CAPITALDOMESTIC CAPITAL MARKETSDOMESTIC MARKETSDUE DILIGENCEEMERGING MARKETEMERGING MARKET EQUITYEMERGING MARKETSEQUITIESEQUITY FUNDSEQUITY INVESTMENTEQUITY INVESTMENTSEQUITY MARKETEQUITY MARKET VOLATILITIESEQUITY MARKETSEQUITY RETURNSEQUITY VALUATIONSEXPENDITURESEXTERNAL FUNDINGFAIR VALUEFINANCESFINANCIAL ASSETSFINANCIAL FUTURESFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTFINANCIAL INSTRUMENTSFINANCIAL PERFORMANCEFINANCIAL RISKFINANCIAL STATEMENTSFINANCIAL STRUCTUREFINANCIAL SUSTAINABILITYFLOATING RATEFOREIGN CURRENCYFOREIGN EXCHANGEFRAUDFUTURE LOANGLOBAL BONDGLOBAL BOND MARKETSGLOBAL TRADEGOVERNMENT GUARANTEESHOST GOVERNMENTIMPLIED VOLATILITIESINSTITUTIONAL INVESTORSINSURANCEINTEREST RATEINTEREST RATE FUTURESINTEREST RATE RISKINTEREST RATE RISKSINTEREST RATE SWAPINTEREST RATE SWAPSINTEREST RATESINTERNAL AUDITINTERNATIONAL BANKINTERNATIONAL CAPITALINTERNATIONAL CAPITAL MARKETSINTERNATIONAL CREDITINTERNATIONAL CREDIT RATINGINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL FINANCIAL MARKETSINVESTINGINVESTMENT ACTIVITIESINVESTMENT CLIMATEINVESTMENT GUIDELINESINVESTMENT PORTFOLIOINVESTMENT PROJECTSINVESTMENT VEHICLESISLAMIC FINANCEISSUANCEISSUANCESLENDERLENDERSLENDING PORTFOLIOLIABILITYLIQUID ASSETLIQUID ASSETSLIQUIDITYLIQUIDITY MANAGEMENTLIQUIDITY RISKLLCLOANLOAN PORTFOLIOLOCAL BANKSLOCAL CURRENCIESLOCAL CURRENCYLOCAL FINANCIAL MARKETSLOCAL GOVERNMENTSLONG-TERM EXTERNAL DEBTLONG-TERM FINANCEMARK-TO-MARKETMARKET BENCHMARKSMARKET BORROWINGSMARKET CONDITIONSMARKET MAKERSMARKET PRICESMARKET RISKMARKET RISKSMATURITIESMATURITYMONETARY POLICIESMONEY MARKETMORTGAGEMORTGAGE-BACKED SECURITIESNON-PERFORMING LOANSOPEN MARKETOUTSIDE INVESTORSOUTSTANDING DEBTPARTIAL CREDITPAYMENT OBLIGATIONSPENSIONPENSION FUNDSPORTFOLIO MANAGEMENTPORTFOLIO RISKPORTFOLIOSPREPAYMENTSPRICE VOLATILITYPRIVATE EQUITYPRIVATE SECTOR FINANCEPROBABILITY OF DEFAULTPUBLIC MARKETSREPOSRESERVERESERVESRETURNRISK EXPOSURESRISK FACTORSRISK MANAGEMENTRISK MANAGEMENT SERVICESRISK OF LOANSRISK PROFILERISK SHARINGSETTLEMENTSHORT-TERM BORROWINGSSHORT-TERM FINANCESUBORDINATED DEBTSWAPSWAP MARKETTIME DEPOSITSTRADE FINANCETRADINGTRANSACTIONTRANSACTION COSTSTRANSITION COUNTRIESTREASURYVALUE OF ASSETSVARIABLE RATEWAREHOUSEWARRANTSWORKING CAPITAL10.1596/20258