International Finance Corporation (IFC)

The International Finance Corporation (IFC), part of the World Bank Group, continued in 1998 to encourage private sector activity in developing countries. Its activities included financing of private sector enterprises, assisting companies in the developing world to mobilize financing in international financial markets, and providing related advisory and technical assistance services to businesses and Governments. In fiscal 1998 (1 July 1997-30 June 1998), IFC felt the effects on its bottom line of the Asian financial crisis but nonetheless redoubled its commitment to Asian countries and made more investments in frontier economies around the world. In collaboration with the World Bank, IFC revitalized financial and physical infrastructure through structured transactions and mobilized funds to strengthen the private sector.

Sustainable Development Goals:

Peace, Justice and Strong Institutions

Partnerships for the Goals