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International Finance Corporation (IFC)

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International Finance Corporation (IFC)

Mission statement:

IFC, as the private sector arm of the World Bank Group, shares its mission:

To fight poverty with passion and professionalism
for lasting results. To help people help themselves
and their environment by providing resources,
sharing knowledge, building capacity, and
forging partnerships in the public and private sectors.

Overview:

IFC’s 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 to generate productive jobs and deliver essential services to the underserved

In order to achieve its Purpose, IFC offers development impact solutions through: firm-level interventions (direct investments and advisory services); standard-setting; and business enabling environment work.

IFC fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to businesses and governments.

IFC helps companies and financial institutions in emerging markets create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities. The goal is to improve lives, especially for the people who most need the benefits of growth.

IFC invests in enterprises majority-owned by the private sector throughout most developing countries in the world. Developing regions include:

   * Sub-Saharan Africa
   * East Asia & the Pacific
   * South Asia
   * Europe & Central Asia
   * Latin America & the Caribbean
   * Middle East & North Africa

IFC emphasizes five strategic priorities for maximizing its sustainable development impact:

   * Strengthening its focus on frontier markets, particularly the SME sector;
   * Building long-term partnerships with emerging global players in developing countries;
   * Addressing climate change, and environment and social sustainability activities;
   * Addressing constraints to private sector investment in infrastructure, health, and education; and
   * Developing domestic financial markets through institution building and the use of innovative financial products.

For all new investments, IFC articulates the expected impact on sustainable development, and, as the projects mature, IFC assesses the quality of the development benefits realized.

Vision:

Our vision is that people should have the opportunity to escape poverty and improve their lives.

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