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INTERNATIONAL FINANCE CORPORATION - ROLE & OBJECTIVES
The International Finance Corporation (IFC) was established in 1956 and has 185 member countries. It promotes private sector investments in developing countries by providing loans, equity, trade finance, and advisory services. The IFC aims to create jobs, reduce poverty, and improve access to finance, infrastructure, health, education, and sustainable agriculture. It seeks to mobilize financial resources for private enterprises and support competitive markets. Since 1956, the IFC has leveraged $285 billion for businesses in developing countries, reaching millions of people. India is a founding member of the IFC and the first IFC investment in India was in 1959. The IFC supports projects in India like the 750 MW Rewa Ultra Mega Solar Power Project, the
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INTERNATIONAL FINANCE CORPORATION - ROLE & OBJECTIVES
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- 2. Facts to benoted Established in 1956 185 member countries It promotes sustainable private sector investment in developing countries To join IFC a country must first be a member of IBRD Since 1956, IFC has leveraged $285 billion in financing for businesses in developing countries. Reach millions of people in over 100 countries
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- 4. Goals of IFCSustainable agricultural opportunities Improve health andeducation Increase access to financing for microfinance and business clients Advance infrastructure Helps small business grow revenues Invest in climate health
- 5. Objectives Create opportunities forpeople to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise Promoting accessible and competitive markets Supporting businesses and other private sector entities Creating jobs and delivering necessary services to those who are poverty-stricken or otherwise vulnerable
- 6. Objectives To invest inproductive private enterprises, in association with private investors, and without government guarantee of repayment, in cases where sufficient private capital is not available on reasonable terms To serve as a clearing house to bring together investment opportunities, private capital (both foreign and domestic) and experienced management To help in stimulating the productive investment of private capital, both domestic and foreign
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- 8. Ms. Aparna Subramani isthe Executive Director on the Board of IBRD, IFC & IDA India is one of the founder member of IBRD, IDA and IFC First investment of IFC in India took place in 1959 with US$ 1.5 million. India has an executive director, in the board of directors of IFC. The executive director from India represents a comprising of four countries: Bangladesh, Bhut an, India, and Sri Lanka.
- 9. Projects undertaken inIndia IFC is supporting M.P. Government to setup the 750 MW Rewa-Ultra mega solar power project which is largest single - site solar power project in the world
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