International Finance Corporation

The International Finance Corporation (IFC) is a member of the World Bank Group and is dedicated to promoting sustainable private sector development in developing countries. Through financing investment, providing advisory services, and mobilizing capital in international financial markets, IFC aims to encourage the growth of productive enterprise and efficient capital markets in its member countries. In fiscal 2005, IFC invested in 236 projects in 67 countries, covering regions such as sub-Saharan Africa, East Asia and the Pacific, South Asia, Europe and Central Asia, Latin America and the Caribbean, and the Middle East and North Africa. Overall, IFC's investments in emerging-market companies and financial institutions contribute to job creation, economic growth, and tax revenues in developing countries.