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The World Bank and the International Finance Corporation (IFC) (English)

The World Bank, which consists of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), has one central purpose: to promote economic and social progress in developing nations by helping raise productivity so that their people may live a better and fuller life. This is also the aim of the International Finance Corporation (lFC), which works closely with private investors from around the world and invests in commercial enterprises in developing countries. The IFC was established in 1956. Its function is to assist the economic development of less developed countries by promoting growth in the private sector of their economies and helping to mobilize domestic and foreign capital for this purpose. More than 120 countries are members of IFC. Legally and financially, IFC and the Bank are separate entities. IFC has its own operating and legal staff, but draws upon the Bank for administrative and other services.


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    The World Region,

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    The World Bank and the International Finance Corporation (IFC)

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The World Bank and the International Finance Corporation (IFC) (English). Washington, D.C. : World Bank Group.