1945

International Finance Corporation (IFC)

The International Finance Corporation (IFC), established in 1956 as an affiliate of the International Bank for Reconstruction and Development (World Bank) to encourage private-sector activity in developing countries, continued during the 1994 fiscal year (1 July 1993-30 June 1994) to finance private-sector projects, to help companies in the developing world to mobilize financing in international financial markets, and to provide advice and technical assistance to businesses and Governments. IFC coordinated its activities with the other institutions in the World Bank Group, composed of IFC, the World Bank, the International Development Association (IDA) and the Multilateral Investment Guarantee Agency (MIGA).

Related Subject(s): United Nations
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