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International Finance Corporation IFC logo IFC headquarters building, designed by architect Michael Graves Formation July 20, 1956 ; 68 years ago (1956-07-20) Type Development finance institution Legal status Treaty Purpose Private sector development, Poverty reduction Headquarters Washington, D.C., United States Membership 186 countries Managing Director Makhtar Diop Parent organization World ...
Rosen joined the World Bank Group in 1978 through the Young Professionals Program [2] Early assignments included: Investment Officer in IFC's Latin America and Africa Departments; IFC's Manager for Financial Planning and Policy; and Member of the task force starting IFC's operations in the former Soviet Union.
The Independent Evaluation Group (IEG) is an independent unit within the World Bank Group (WBG) charged with objectively evaluating the activities of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA; collectively, the World Bank), the work of International Finance Corporation (IFC) in private sector development, and the ...
KYIV (Reuters) -The World Bank's private investment arm is considering $1.5 billion in investments in Ukraine's banking, agribusiness and infrastructure sectors, a senior official with the ...
Before Malpass became president, his son Robert had joined the International Finance Corporation (IFC), a branch of the World Bank Group that lends money to private sector businesses and whose USD 5.5 billion funding from a USD 13 billion World Bank capital increase was secured by the US Treasury at the time that David Malpass was the Treasury ...
There are five "closely associated institutions" that each have a "distinct role" [4] and together form the World Bank—the IBRD, the International Development Association (IDA), the International Finance Corporation (IFC), that "invests in private firms and promotes entrepreneurship", [5] the Multilateral Investment Guarantee Agency (MIGA), that guarantees loans, and the International Centre ...
Between 2004 and 2013, the World Bank committed to lend or give at least $338 billion, according to bank data. Its private-lending affiliate, the International Finance Corporation, committed to invest at least $116 billion during the same period in corporations and other banks in pursuit of the overall goal of alleviating poverty.
In Honduras, the business-lending arm of the World Bank aligned itself with a key player in a land dispute that has left more than 130 people dead, including Gregorio Chávez, a preacher who went out to tend his garden one day and didn’t come back. In the last decade, the International Finance Corp.’s lending and influence has soared, even as it has embraced financing methods that shield ...