IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.
Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. Our work in more than 100 developing countries allows companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities.
IFC’s vision is that people should have the opportunity to escape poverty and improve their lives.
Study finds refugee businesses play vital role in local economy
Research shows huge opportunities for private sector in Kenya’s Kakuma refugee camp and its neighbouring town.
Baghdad, Iraq, February 20, 2018—IFC, a member of the World Bank Group, and the Central Bank of Iraq are launching a series of specialized workshops, starting today, to raise corporate governance standards in Iraqi banks and strengthen the country’s banking sector.
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Amman, Jordan, February 13, 2018—IFC, a member of the World Bank Group, has signed an agreement with IrisGuard, a Jordanian company specializing in iris-scanning technology, to help boost financial inclusion and improve the lives of Syrian refugees in Jordan and the region.
Johannesburg, South Africa, 18 January 2018 – IFC, a member of the World Bank Group, today announced a grant extension to Mayfair Insurance Company Zambia Limited, to support Mayfair in scaling up its weather-based index insurance product line in Zambia. The additional performance-based grant, awarded through the Global Index Insurance Facility, is expected to help Mayfair reach an additional 300,000 farmers by December 2019.