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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 ...
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 ...
Fifteen million dollars of the first fund came from the IFC with the rest coming from Omidyar Network and some foundations, individuals and government agencies. The money came to GBF as grants and much of it was invested in a mix of equity, quasi-equity, and debt in some 28 enterprises in Latin America, Africa, India, and Southeast Asia.
IFC provided a $55 million loan to Banco Industrial in Argentina to give more to small and medium enterprises . Located in Buenos Aires Banco Industrial is a private bank that focuses on short-term and well-coordinated financial products. IFC promotes the idea that smaller businesses will create jobs and drive financial growth.
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
IFC Films and Shudder have acquired the North American rights to Spooky Pictures’ and Image Nation Abu Dhabi’s “Menace” out of the Cannes market. The indie labels also nabbed distribution ...
In November 2017, Dinant defended its former relationship with the World Bank, stating, “The IFC’s loan to Dinant was granted to help us increase production capacity, upgrade our distribution network, enhance the surrounding natural environment, and expand economic opportunities for local communities, particularly in rural areas like the ...
The Africa CEO Forum is a company created and owned by Jeune Afrique Media Group.With the IFC, it co-organizes an event dedicated to African private sector actors, [1] [2] reportedly the largest annual gathering of African private-sector leaders, [1] [3] — drawing political and economic leaders from throughout the continent.