International Finance Corporation
|International Finance Corporation|
The International Finance Corporation is a private sector arm of the World Bank Group. Its stated purpose is to create opportunity for people to escape poverty and improve their lives by promoting open and competitive markets in developing countries, supporting companies and other private sector partners where there is a gap, helping generate productive jobs and deliver essential services to the underserved and catalyzing and mobilizing other sources of finance for private enterprise development.
To achieve its purpose, IFC offers development-impact solutions through firm-level interventions (direct investments, advisory services, and the IFC Asset Management Company); standard-setting; and business enabling environment work.
IFC has over 3,400 staff, of whom 51 percent work in field offices and 49 percent at headquarters in Washington, D.C.
Products and Services
- President, Robert B. Zoellick
(The World Bank Group's president also serves as IFC's president.)
- Executive Vice President & CEO, Lars Thunell