Definition for : IFC

The International Finance Corporation (IFC) is a member of World Bank Group; its main objective is promoting sustainable private sector Investment in developing countries in order to improve the quality of the lives of people in its developing member countries.IFC has been founded in 1956; its headquarters are based in Washington, DC. IFC's main activities include: (1) financing private sector projects located in the developing world, (2) helping private companies in the developing world mobilize financing in international financial markets, and (3) providing advice and technical assistance to businesses and governments. Official web-site: www.ifc.org

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