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The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
Its mandate was to support expansion of and strengthen the World Bank Group's SME work. Today, the SME department's main functions include Portfolio Management, Results Measurement, Donor Relationships and knowledge Management and Learning Programs. In December 2003 Rosen started and led IFC's Grassroots Business Initiative (GBI).
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [ 5 ] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association ...
The World Bank Group, headquartered in Washington, DC is a group of international organizations that finances infrastructure projects, mostly in developing countries.The International Finance Corporation (IFC), is the arm of the World Bank Group that specializes in lending to private sector investments and business interests in developing countries, whereas the International Bank for ...
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders.
Website. worldbank.org. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.
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