International Finance Corporation (IFC)
- Author: United Nations
- Main Title: Yearbook of the United Nations 1996 , pp 1411-1413
- Publication Date: December 1996
- DOI: https://doi.org/10.18356/08fd9d70-en
- Language: English
The International Finance Corporation (IFC), which was established in 1956 as an affiliate of the International Bank for Reconstruction and Development (World Bank), continued in 1996 to promote economic development by encouraging the growth of productive enterprise and efficient capital markets in developing countries. As the largest multilateral source of loan and equity financing for private-sector projects in the developing world, IFC helped to stimulate private investment in developing countries by demonstrating that investments there could be profitable. Through its advisory work, IFC also helped Governments create conditions that would stimulate the flow of both domestic and foreign private savings and investment.
© United Nations
ISBN (PDF):
9789210574969
Book DOI:
https://doi.org/10.18356/523c2119-en
Related Subject(s):
United Nations
Sustainable Development Goals:
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