International Finance Corporation
| International Finance Corporation IFC |
|
|---|---|
 IFC logo |
|
| English name | International Finance Corporation |
| French name | Société Financière Internationale |
| Organization type | Special agency of the United Nations |
| status | active |
| Seat of the organs | Washington, DC , USA |
| Chair | Jon-Yong Cai |
| Member States |
184 :
Member states |
| founding |
July 25, 1956 |
| IFC website | |
The International Finance Corporation (Engl. International Finance Corporation - IFC ), headquartered in Washington, DC is an international development bank , which the as part of the World Bank Group has specialized in the promotion of private enterprise.
tasks
The IFC has the task of promoting the development of the private sector in developing and emerging countries; to this end, it offers loans, equity investments, guarantees and a range of financing products on commercial terms. In addition to these financing services, the IFC has also been offering advisory services to promote the private sector for several years. The IFC takes on an international leadership role in the development and implementation of social and environmental standards in cooperation with the private sector. In addition to promoting and participating in private investments, the IFC is also active in the field of advice and technical assistance; it concentrates mainly on questions of privatization and restructuring of companies, the development of capital markets and the structuring of complicated and high-risk investments.
In addition, since 2009, IFC has also had an asset management industry, IFC Asset Management Company , which invests institutional money in development projects through various funds.
Key figures
In the 2014 financial year, the IFC funded 599 investment projects in 98 countries with a commitment of US $ 17.3 billion; the total portfolio was US $ 51 billion. In addition, the asset management division managed US $ 7.8 billion in 7 funds.
organization
The IFC was founded in 1956 and has 184 members (as of April 2013). Germany is a founding member and currently holds a capital share of 5.43 percent and the resulting third largest share of voting rights of 5.16 percent. According to the statutes, only those countries can apply for membership that are already members of the International Bank for Reconstruction and Development , another organization of the World Bank Group.
Like the World Bank, the IFC is administered by a board of governors and a board of directors. The Board of Governors and the Board of Directors comprise the governors and directors of the World Bank, whose states are members of the IFC. The Chairman of the Board of Directors is the President of the World Bank. The highest administrative officer of the IFC is its president. A separate chairman, the Executive Vice President , is appointed for the day-to-day operations of IFC . The IFC has been headed by Jin-Yong Cai since October 2012.
IFC has had a liaison office in Frankfurt am Main since 1993.
Executive Vice President
| Term of office | Surname |
|---|---|
| 1956-1961 | Robert Garner |
| 1961-1969 | Martin Rosen |
| 1969-1974 | William Gaud |
| 1974-1977 | Ladislaus von Hoffman |
| 1977-1981 | Moeen Qureshi |
| 1981-1984 | Hans Wuttke |
| 1984-1994 | Sir William Ryrie |
| 1994-1998 | Jannik Lindbaek |
| 1999-2005 | Peter Woicke |
| 2006–2012 | Lars Thunell |
| since 2012 | Jin-Yong Cai |
Web links
- Official website
- Literature from and about the International Finance Corporation in the catalog of the German National Library
Individual evidence
- ↑ IFC Financial and Operational Highlights. (PDF) 5 Annual overview of important key figures - excerpt from the 2014 annual report. IFC, accessed on March 27, 2015 .