IFC—International Finance CorporationFounded in 1956, the IFC assists with private sector investments, primarily through mobilizing capital on international financial markets, and by providing technical assistance and advice to governments and businesses in developing countries. The IFC coordinates its activities in many areas with the other institutions in the World Bank Group: the World Bank president also serves as the IFC's president. Its current executive vice president is Lars Thunell. The IFC generally operates independently as it is legally and financially autonomous with its own Articles of Agreement, share capital, management and staff. The IFC has 3,100 staff; 181 members; and lends in 80 countries, with 40 per cent of its investments in the financial sector. In 2008 the IFC´s worldwide committed portfolio for its own account was $32.3 million and $7.5 million held for participants in loan syndications. read more background... BriefingsWho pays for the Fund and the Bank?The IMF and the World Bank derive their income mainly from their lending operations, charging borrowing countries, and from their investments in financial markets. read article... The World Bank, the IFC and the antecedents of the financial crisisThe financial crisis seemed to come out of the blue, but Paulo dos Santos of the University of London argues that the ground was laid by financial sector privatisation, liberalisation and deregulation. Far from these trends being confined to the rich world, the World Bank and the IFC have played a key role in pushing these policies throughout emerging markets, exposing them to the fallout of the financial crisis. read article... International financial architectureNational and international financial bodies frequently overlap both in function and membership. Below are some of the main regulatory or influential bodies within the financial system. In most, the IMF is a participant, and in some, a central player. read article... Items 1 to 10 of 247Bretton Woods Project submission on the DFID White PaperIn a submission the the DFID white paper consultation, we set out the significant change needed at the World Bank and IMF to bring them into line both with international norms and with UK policy, in order to improve their contribution to sustainable development. In this submission we outline changes needed in: IFI governance; IFI conditionality policies; IFI policies related to aid effectiveness; IFI policy on climate change; private-sector finance; and the financial sector's impact on development. read article... IFC and broad community support World Bank spring meetings, April 23, 2009Minutes of a session hosted by the IFC at the World Bank spring meetings, April 23, 2009 read article... Compliance Advisory Ombudsman review of standards for Bank’s private sector lendingNotes of a session with the CAO at the World Bank spring meetings, Washington, DC, April 22, 2009. read article... World Bank-IMF spring meetings 2009This page will be updated regularly with the latest news from the 2009 World Bank and IMF spring meetings read article... IFC's role in Yemen miningTrends in the relationship between World Bank and IFC technical assistance policies and the IFC's investment portfolio raise interesting questions over possible conflicts of interest. Disclosure at the IFC remains opaque making specific details of projects and policies hard to come by. read article... Gender, finance and the IFCOn International Women's Day the International Finance Corporation announced its sponsorship of the first Gender Investment Index series, an initiative of its Gender Entrepreneurship Markets programme devised to mainstream gender into IFC work. read article... Ghana's off-shore nightmareThe IFC ignored due process requirements mandated by the laws of Ghana in the case of the Jubilee oil field project and should not have considered the loan applications at the board. In so dong the IFC is encouraging the infringement of the basic rules of governance and transparency. read article... New book examines human rights and holding the Bank to accountThe World Bank's responsibility to respect, protect and fulfill human rights has long been a topic of concern. With the release of a new book Global Poverty, Ethics and Human Rights: The role of multilateral organizations by Desmond McNeill and Asuncion Lera St. Clair, this discourse has once again been revisited. read article... Who pays for the Fund and the Bank?The IMF and the World Bank derive their income mainly from their lending operations, charging borrowing countries, and from their investments in financial markets. read article... Bankspeak of the year 2008Annual Bretton Woods Project award for the most incomprehensible or absurd use of language in a Bank or Fund document or speech. read article... |
Articles: 2499 Related itemsEvents
ResourcesIFC gender investment index 1 April Respuesta del Banco Mundial a Oxfam GB 10 March Oxfam response to World Bank critique of Blind Optimism 10 March Letter to IFC board about Ghanaian oil investment 12 February The IFC on Facebook 1 January Financial crisis: IFC's response 18 December 2008 Global Accountability Report 1 December Guide to IFC and indigenous peoples 21 November Attac Statement 15 October Un producto de política de las grandes represas, Negocios Mundiales en Línea 6 October Newswire |
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