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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.

Details

  • Document Date

    2010/01/01

  • Document Type

    Working Paper

  • Report Number

    52854

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    The World Bank and the International Finance Corporation (IFC)

  • Keywords

    access to safe water;Oil & Gas;Oil and Gas;development finance company;per capita gnp;direct foreign investment;rates of return;Ports and Shipping;terms of trade;world war i;world war ii;health and nutrition;chance of survival;child death rate;quality of education;water development programs;ex post evaluation;mode of transport;rural access road;investment per job;waterways and port;natural gas pipeline;agriculture and industry;private foreign investment;access to health;balance of payment;capital market institution;terms of lending;sources of fund;amount of loan;decentralization of authority;inadequate water supply;rapid population growth;supply and sanitation;delivering water supply;slow population growth;mother and child;family planning clinic;evaluation of education;average farm size;distribution of textbook;formal basic education;cost of fuel;general tax revenues;secure land tenure;primary health care;urban development;rural area;Electric Power;grace period;structural adjustment;small-scale enterprise;large-scale investment;legal staff;project costing;domestic demand;storage capacity;energy price;raise funds;agricultural production;paper mill;foreign capital;sewerage facilities;voting power;waterborne disease;Medical care;energy development;incentive structure;project lending;production capacity;private program;mental problem;hydroelectric potential;formal loan;private investment;coal resource;binding agreement;conserving energy;Natural Resources;cash crop;food supply;evaluation system;exchange-rate movements;environmental implication;baby care;efficient production;steel mill;telecommunication sector;large families;rural telephone;industrial facility;port facility;logging road;gas field;crop cultivation;literacy activity;Nutrition Projects;health facility;preventive medicine;hydroelectric plant;import price;private corporation;supply of energy;lake victoria;Labor Market;Rural Poor;oil field;small cities;Education Development;indirect employment;large enterprise;urban poor;young girl;raw material;basic necessity;urban dweller;urban location;urban transport;educational radio;urban sector;educational study;agency personnel;appraisal mission;pure water;special training;educational development;tax term;school curricula;capital subscription;innovative educational;government's budget;financial plan;solid-waste management;import substitution;Investment companies;commercial involvement;extension approach;exchange restriction;Paid-In Capital;net earning;Agricultural Extension;local agency;long-term borrowing;real rate;power facility;crop husbandry;small farm;Energy Sector;creating job;cash payment;dairy cooperative;poor villagers;distribution facility;separate entity;urban facility;political objective;exchange cost;Commitment Fee;market rate;short-term loan;social progress;adapt technology;private investor;commercial enterprise;currency stability;accepted rule;commercial company;capital stock;creditworthy borrower;maturity period;retained earnings;urban migration;economic crisis;basic infrastructure;commuter train;investment priority;rolling stock;construction material;Trade Policies;Trade Policy;fuel mineral;technological progress;multilateral assistance;educational service;multilateral agency;inland waterway;Borrowing Countries;equity financing;private enterprise;business venture;port operation;insurance agencies;plenary session;government guarantee;Economic Policy;local development;glass container;Sanitation Services;processed food;needy people;sanitation facility;consumer goods;living standard;productive enterprise;industrial growth;sanitation component;scale industrial;squatter settlement;direct loan;Investment priorities;urban population;low-income housing;Infant Mortality;

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Citation

The World Bank and the International Finance Corporation (IFC) (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/366271468330353490/The-World-Bank-and-the-International-Finance-Corporation-IFC