International Finance Corporation

This page is an entry from the MicroCapital Universe, the reference wiki kept alongside our news briefs: one profile per institution or investor, assembled from the organisation's own published material as it read at the time.

Treat it as a snapshot with a date on it. The membership and the investment total quoted here are those reported for fiscal year 2009, and the headquarters address, telephone and fax lines are reproduced from the profile as it stood rather than checked. They belong to the record, not to any contact channel: we are not the International Finance Corporation, we are not connected to the World Bank Group, and we forward nothing to either. Anyone dealing with the institution should work from its own current disclosures.

The entry is still useful for what it sets out plainly: a development finance institution that invests in companies and financial intermediaries in emerging markets using loans, equity and guarantees rather than grants, owned by the member countries that vote on its policies. How public capital should take commercial risk on private lenders is an argument that outlives any one year's numbers.


Overview

The International Finance Corporation is a member of the World Bank Group, created to support financial private sector development, mobilize private capital, and provide advisory and risk mitigation services to businesses and services.

Description

A member of the World Bank Group, the International Finance Corporation (IFC) uses loan and debt securities, equity investments and guarantees as instruments of poverty alleviation. It invests in financial institutions and other companies in emerging markets as well as providing technical assistance. The IFC has 182 member countries that “collectively determine its policies, and approve investments.” In fiscal year 2009, its new investments totaled USD 14.5 billion.

Organization's Website

www.ifc.org



Contact Information

Headquarters
International Finance Corporation
2121 Pennsylvania Avenue, NW
Washington, DC 20433 USA
Tel: (202) 473-3800
Fax: (202) 974-4384---

Additional Resources

IFC Helps Expand Access to Natural Disaster Insurance for Emerging Market Farmers
http://www.ifc.org/ifcext/media.nsf/content/SelectedPressRelease?OpenDocument&UNID=F9996ACE0AFCD73C8525768000544BB7