International Finance Corporation (IFC)

Société financière internationale (SFI)
Corporación Financiera Internacional (CFI)

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Contact Details

URL: http://www.ifc.org/
URL: http://www.worldbank.org/

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Founded

1956-07-24 Washington DC USA

History

24 Jul 1956, Washington DC (USA), by international agreement among member countries. Although closely affiliated with F-XF1393 - International Bank for Reconstruction and Development (IBRD) (popularly known as 'World Bank'), IFC is a separate legal entity comprising, with IBRD and its other affiliates, B-XB1791 - International Development Association (IDA) and F-XF1090 - Multilateral Investment Guarantee Agency (MIGA), the umbrella organization F-XF6841 - The World Bank Group. Through the World Bank Group, IFC is a specialized agency of A-XA3375 - United Nations (UN) since 1957, within F-XF1000 - United Nations System and linked to E-XE3377 - ECOSOC. World Bank organizations are part of what are often referred to as E-XE4376 - Bretton Woods Institutions (BWIs). Previously also referred to in French and Spanish as Société Financière Internationale -- Corporación Financiera Internacional.

Aims

In order for people to escape poverty and improve their lives: promote open and competitive markets in developing countries; support companies and other private sector partners where there is a gap; help generate productive jobs and deliver essential services to the underserved; catalyze and mobilize other sources of finance for private enterprise development.

Events

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Activities

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Structure

Board of Governors consists of IBRD Governors and Alternates who represent countries which are also IFC members. Board of Directors comprises, ex officio, IBRD Executive Directors representing IFC member countries, chaired by IBRD President.

/Management/ -

President; Executive Vice President/CEO; Compliance Advisor/Ombudsman; CEO of IFC Management Company; 12 Vice-Presidents, each responsible for a specific area:

  • Human Resources, Communications, and Administration;
  • Financial and Private Sector Development (FPD);
  • Asia-Pacific;
  • Treasury and Information Technology;
  • Global Industries;
  • Risk Management, Financial Reporting, and Corporate Strategy;
  • Special Advisor to the Executive Vice-President and CEO;
  • General Counsel;
  • Business Advisory Services;
  • Sub-Saharan Africa, Latin America and the Caribbean, and Western Europe;
  • Eastern and Southern Europe, Central Asia, Middle East and North Africa;
  • CEO, IFC Asset Management Company;

Departments (33):

  • Corporate Advice;
  • Business Risk;
  • Corporate Portfolio Management;
  • Corporate Relations;
  • Corporate Risk Management;
  • Corporate Strategy;
  • Credit Review;
  • East Asia and the Pacific;
  • Environment and Social Development;
  • Equity;
  • Europe and Central Asia;
  • Financial Operations;
  • Global Capital Markets;
  • Global Financial Markets;
  • Global Manufacturing and Services;
  • Human Resources and Administration;
  • Independent Evaluation Group;
  • Global Infrastructure and Natural Resources;
  • Public Private Partnerships;
  • Short-Term Finance;
  • Latin American and the Caribbean;
  • Legal;
  • Middle East and North Africa;
  • Oil, Gas, Mining and Chemicals;
  • Partnerships and Advisory Services Operations;
  • Resource Mobilization;
  • South Asia;
  • Southern Europea and Central Asia;
  • Special Operations.
  • Structured and Securitized Products;
  • Sub-Saharan Africa;
  • Syndicated Loans and Management;
  • Treasurer.

Departments (16):

  • Controller's and Budgeting;
  • Corporate Business Technologies;
  • Corporate Portfolio Management;
  • Corporate Relations;
  • Corporate Risk Management and Financial Policy;
  • Credit Review;
  • Environment, Social, and Governance;
  • Financial Operations;
  • Human Resources and Administration;
  • Legal;
  • Operations Evaluation Group;
  • Climate Business Solutions;
  • Inclusive Business;
  • Investment Operations;
  • Global Knowledge Office;
  • Treasury.

Committees: Audit; Budget; Development Effectiveness; Personnel.

Languages

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Staff

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Finance

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Consultative Status

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Relations with Inter-Governmental Organizations

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Relations with Non-Governmental Organizations

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Publications

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Members

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Type I Classification

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Type II Classification

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Subjects *

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UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 12: Responsible Consumption and Production

UIA Org ID

XF2057

Last News

2017

* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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