JUST RELEASED: IFC delivered record-breaking impact in Fiscal Year 2024—showcasing our transformation as an institution and our unique ability to mobilize the private sector as a force for good on an unprecedented scale. We are laser-focused on our priorities – scaling climate solutions, accelerating gender equality, bolstering food security, pioneering digital innovations, and mobilizing billions in new capital. With a historic commitment of $55.8B, an exceptional year-on-year increase, our investments in FY24 speak volumes on The World Bank Group’s commitment to end poverty on a livable planet.
IFC - International Finance Corporation
Financial Services
Washington, DC 785,040 followers
About us
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. We utilize and leverage our products and services—as well as products and services of other institutions in the World Bank Group—to provide development solutions customized to meet clients’ needs. We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and political challenges. Clients view IFC as a provider and mobilizer of scarce capital, knowledge, and long-term partnerships that can help address critical constraints in areas such as finance, infrastructure, employee skills, and the regulatory environment. IFC is also a leading mobilizer of third-party resources for its projects. Our willingness to engage in difficult environments and our leadership in crowding-in private finance enable us to extend our footprint and have a development impact well beyond our direct resources. For more information, visit www.ifc.org.
- Website
-
http://www.ifc.org
External link for IFC - International Finance Corporation
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Privately Held
- Founded
- 1944
- Specialties
- Private Capital Mobilization, Climate Finance, Private Sector Development, Blended Finance, Gender Finance, Infrastructure, Public-Private Partnerships, Agribusiness, and Venture Capital
Locations
Employees at IFC - International Finance Corporation
Updates
-
In the Western Balkans, many manufacturing firms lack the capacity and skills they need to boost their production and forge connections globally. IFC’s Western Balkans Manufacturing Value Chains program, a four-year program that began in 2021, was set up to tackle this problem. The advisory program, implemented in partnership with the Swiss State Secretariat for Economic Affair SECO, aims to support the region’s smaller manufacturing businesses especially with advice, training, and networking opportunities. Learn more: http://wrld.bg/NBvm50Tj3Cq #WesternBalkans #manufacturing #valuechain
-
IFC - International Finance Corporation reposted this
Very much appreciated the opportunity to hear directly from women entrepreneurs and women-led start-ups on both the opportunities and constraints they face to start and grow their businesses. We well know that as little as 6 percent of venture capital and private equity funding in the Middle East and North Africa goes to female entrepreneurs. Yet, a thriving entrepreneurial ecosystem in Egypt and elsewhere needs the ideas, innovation, and ingenuity of women – and it also needs early-stage venture capital and angel investors who support women-led businesses and initiatives. IFC is fully committed to advancing women’s economic participation, including accelerating women-led start-ups. She WINS Arabia, for example, is one way we are empowering the women entrepreneurial/start-up ecosystem across the Middle East and North Africa through advice, mentorship, training, networking opportunities, and financing. The bottom line is clear: Supporting women-led start-ups and enterprises is essential for sustainable economic and social prosperity and progress. KARIMA👼🏽 El Hakim 🎈🧸🐪 Yosra Badr Farah Osman 🇵🇸 Nehal Helmy Rasha Rady CHEICK-OUMAR SYLLA Sarah Moussa Simona Spassova, PhD Injy Salem Moustafa S. IFC Africa
-
IFC - International Finance Corporation reposted this
It was my privilege to meet with His Excellency Prime Minister Mostafa Madbouly today along with members of his Cabinet -- H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and H.E. Sameh Elhefny, Minister of Civil Aviation. I heard firsthand about Egypt’s ongoing commitment to comprehensive economic reforms to foster a dynamic, inclusive, and private sector-led economy that unlocks jobs and opportunities for all. IFC, together with the World Bank, will continue to stand with Egypt as a close partner in the country’s economic growth and transformation across critical sectors and priorities, including social and economic infrastructure, water security, and climate action. We welcome working as one team to mobilize the power and potential of the private sector to deliver a better quality of life for the people of Egypt. Stephane Guimbert CHEICK-OUMAR SYLLA Muneer Ferozie Adele Paris IFC Africa
-
IFC - International Finance Corporation reposted this
Pleased to start my day in Cairo meeting with Khalil Nasrallah, Vice President of Wadi Group. This gave me a chance to convey my personal congratulations to everyone at Wadi Group on receiving their EDGE – or Equity, Diversity, and Gender Equality – certification this past May. Such a certification reflects Wadi Group’s ambition and action to create a gender diverse workplace. Already, we see the company implement real change – extending paid maternity leave from 12 to 16 weeks, hiring 40 blue-collar women to sell feed in villages near Wadi factories, jobs otherwise dominated by men, and expanding their internship program to recruit and hire more women. All of us at IFC are proud to partner with Wadi Group, and work with them on concrete recommendations, to achieve greater gender inclusion and diversity. Wadi Group is an excellent champion of the critical importance and urgency of closing the gender gap. WADI Group Khalil Nasrallah CHEICK-OUMAR SYLLA Lei Zhang Dalia Hashish IFC Africa
-
Steel is essential for construction and infrastructure, but it is also a major contributor to greenhouse gas emissions. That is why IFC is investing $60 million in Indonesia's largest private steel manufacturer PT Gunung Raja Paksi Tbk to support its shift to lower-carbon production. This partnership aims to drive sustainable practices and sector-wide decarbonization in one of Asia's key industrial nations. Discover how this will help unlock green steel markets, reduce emissions, and Indonesia's transition to a greener future: http://wrld.bg/BUEl50ThCOo via Reuters #ClimateAction #ClimateFinance David Stanway IFC Climate & Sustainability IFC Asia Pacific
-
IFC - International Finance Corporation reposted this
Asia produces about half of the world’s greenhouse gas emissions, with hard-to-abate sectors including steel accounting for roughly a quarter of the total. Adopting technologies and sustainable practices that can reduce these emissions will be a real game changer, allowing countries to pursue low-carbon development and achieve climate change targets as they continue to industrialize. Our new partnership with Indonesia’s PT Gunung Raja Paksi Tbk, announced at the Indonesia International Sustainability Forum 2024, is a step towards advancing #decarbonization in the country’s steel industry. Click here for the press release: https://lnkd.in/gsh47a4y Learn more about the project in our exclusive interview with Reuters: https://lnkd.in/gmGMcC5W
-
#MSMEs are the engines of growth in emerging markets. MSMEs can transform economies, foster job creation, and promote equitable economic growth if given adequate support. MSMEs account for: ● 90% of all businesses worldwide ● More than 40% of GDP in emerging economies ● 2/3 of all jobs worldwide However, more than 40% of MSMEs in developing countries have unmet financing needs – totaling more than $5.7 trillion. To bridge this gap, we need to leverage innovative financial instruments and digital technologies such as Fintech, mobile banking, digital IDs and emerging #AI solutions that make it easier for MSMEs to access credit and manage their finances, boosting access to finance for all. Join the Global SME Finance Forum in São Paulo, Brazil, 16 – 18 September and be part of shaping the future of #SMEFinance. Learn more and register here: http://wrld.bg/fpwq50Teu2Y #Brazil #SaoPaulo #SMEfinance #innovation #GlobalImpact #AI #SustainableFinance SME Finance Forum, Managed by the IFC (International Finance Corporation) Ministério do Empreendedorismo, da ME e da EPP G20 Brasil 2024 BNDES Inter-American Development Bank IDB Invest IDB Lab Elevandi IFC Financial Institutions Qamar Saleem
-
IFC - International Finance Corporation reposted this
We asked Ergun Ertekin what success looks like in his role as Associate Syndications Officer at IFC Treasury & Mobilization. “Success for me is achieved when we raise funds from investors to join us in investing in projects that alleviate poverty in developing counties, and then effectively deploy those funds. It's when those two things happen that I feel happy.” Read the article for more Anjali S. Varma Mahfuza Afroz Kruskaia Sierra-Escalante Kevin Njiraini
-
In the Philippines, entrepreneurs often struggle to obtain finance to start or grow their small businesses. CARD Bank, one of the country’s largest microfinance institutions, is working to improve the process and make it easier for small business owners like Victoria and Dolores, two women whose businesses have thrived thanks to loans they received from the bank. Read their stories and learn more about how IFC is helping CARD Bank modernize its system and serve more people around the country: http://wrld.bg/rZQb50TekYb