Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Skip to content
Home » Why was the IFC established by the World Bank?

Why was the IFC established by the World Bank?

The International Finance Corporation (IFC) was established by the World Bank in 1956 to address the pressing capital limitations and structural hurdles faced by developing nations. Since its inception, the IFC has served as a crucial driver for investment in private enterprises. Through its direct investments and by incentivizing private capital from various sources, the IFC aims to foster economic growth and development in regions that need it the most.

With a focus on the private sector, the IFC plays a pivotal role in mobilizing funds for businesses and projects in developing countries. By providing financial resources, expertise, and guidance, it helps to create an environment conducive to sustainable growth and job creation. This approach not only benefits the companies receiving support but also has a ripple effect on the broader economy, spurring innovation and entrepreneurship.

Over the years, the IFC has become an essential partner for private businesses and governments alike. Its efforts extend beyond traditional financing, often including advisory services and technical assistance to ensure the success and sustainability of investments. By working closely with stakeholders, the IFC continues to fulfill its mandate of promoting economic development and reducing poverty worldwide.

(Response: The IFC was established by the World Bank in 1956 to address capital limitations and structural challenges in developing countries, serving as a catalyst for private enterprise investment.)