International Finance Corporation (IFC)

The International Finance Corporation (IFC), part of the World Bank Group, continued in 1999 to promote growth in developing countries by financing private sector investments and providing technical assistance and advice to Governments and businesses. In fiscal 1999 (1 July 1998-30 June 1999), IFC faced formidable challenges as recovery began from the global financial crises in many of its developing member countries. Despite those challenges, IFC delivered increases in net income, investment commitments and new project approvals. It also sought out new investment, especially in reformed and high-development-impact sectors, such as financial and physical infrastructure; preserved the viability of companies in its existing portfolio through restructuring and recapitalization support; developed trade finance products that matched the needs of struggling companies; and strengthened its operational focus on those developing countries and sectors that had attracted comparatively less foreign investment flows.

Sustainable Development Goals:

Peace, Justice and Strong Institutions

Partnerships for the Goals