7/29/2019 The International Finance Corporation IFC

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The International Finance Corporation (IFC) is an international financial institution whichoffers investment, advisory, and asset management services to encourageprivate sectordevelopment in developing countries. The IFC is a member of the World Bank Group and isheadquartered in Washington, D.C., United States. It was established in 1956 as the privatesector arm of the World Bank Group to advance economic development by investing in strictly

for-profit and commercial projects which reduce poverty and promote development.[1][2][3]

TheIFC's stated aim is to create opportunities for people to escape poverty and achieve better livingstandards by mobilizing financial resources for private enterprise, promoting accessible andcompetitive markets, supporting businesses and other private sector entities, and creating jobsand delivering necessary services to those who are poverty-stricken or otherwise vulnerable.[4]Since 2009, the IFC has focused on a set of development goals which its projects are expected totarget. Its goals are to increase sustainable agricultureopportunities, improvehealth andeducation, increase access to financing formicrofinance and business clients, advanceinfrastructure, help small businesses grow revenues, and invest inclimate health.[5]

The IFC is owned and governed by its member countries, but has its own executive leadership

and staff which conduct its normal business operations. It is acorporation whoseshareholdersare member governments which providepaid-in capital and which have the right to vote on itsmatters. Originally more financially integrated with the World Bank Group, the IFC wasestablished separately and eventually became authorized to operate as a financially autonomousentity and make independent investment decisions. It offers an array ofdebt and equity financingservices and helps companies face their risk exposures, while refraining from participating in amanagementcapacity. The corporation also offers advice to companies on making decisions,evaluating their impact on the environment and society, and being responsible. It advisesgovernments on building infrastructure and partnerships to further support private sectordevelopment.

The corporation is assessed by an independent evaluator each year. In 2011, its evaluation reportrecognized that its investments performed well and reduced poverty, but recommended that thecorporation define poverty and expected outcomes more explicitly to better-understand itseffectiveness and approach poverty reduction more strategically. The corporation's totalinvestments in 2011 amounted to $18.66 billion. It committed $820 million to advisory servicesfor 642 projects in 2011, and held $24.5 billion worth of liquid assets. The IFC is in goodfinancial standing and received the highest ratings from two independentcredit rating agenciesin2010 and 2011.

IFC HAS A SET OF HSE GUIDELINES FOR DIFFERENT SECTORS AGRICULTURE,PESTCIDE HANDLING, WASTE MANAGEMENT AND OTHERS

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