An Overview International Finance Corporation and Its Significance

Dr. Ramalingam Mageshkumar

Abstract

The International Finance Corporation (IFC) is a vital institution within the World Bank Group that focuses on promoting sustainable private sector investment in developing countries. This chapter provides a concise overview of the IFC and its role in international finance. It explores the objectives, functions, and key activities of the IFC, including investment projects, advisory services, and mobilization of private capital. The chapter also highlights the significance of the IFC in fostering economic development, poverty reduction, and environmental and social sustainability. By understanding the role of the IFC, governments, businesses, and stakeholders can leverage its resources and expertise to promote sustainable economic growth in developing countries.