Of that total investment commitment, approximately 39% ($4.9 billion) was invested into 255 projects across 58 member nations of the World Bank's International Development Association (IDA). In 2011, its evaluation report recognized that its investments performed well and reduced poverty, but recommended that the corporation define poverty and expected outcomes more explicitly to better-understand its effectiveness and approach poverty reduction more strategically. IFC's Environmental and social policies, guidelines, and tools are widely adopted as market standards and embedded in operational policies by corporations, investors, financial intermediaries, stock exchanges, regulators, and countries. Members of the World Bank are eligible for its membership. The IFC's investment services consist of loans, equity, trade finance, syndicated loans, structured and securitized finance, client risk management services, treasury services, and liquidity management. In case of its investment by equity contribution, it does not exceed 25% of the share capital. India has also received substantial assistance from the IFC. An example often cited by NGOs and critical journalists is IFC granting financing to a Saudi prince for a five-star hotel in Ghana.The concept was nonetheless controversial in the US, where some business interests were uncomfortable with the public ownership of private firms.In 2007, IFC bought 18% stake in the Indian Financial firm, The IFC is governed by its Board of Governors which meets annually and consists of one governor per member country (most often the country's finance minister or treasury secretary).IFC's Chief Executive Officer oversees its overall direction and daily operations.Although the IFC coordinates its activities in many areas with the other World Bank Group institutions, it generally operates independently as it is a separate entity with legal and financial autonomy, established by its own Articles of Agreement.The IFC makes loans to businesses and private projects generally with maturities of seven to twelve years.Though loans have traditionally been denominated in Although the IFC's shareholders initially only allowed it to make loans, the IFC was authorized in 1961 to make equity investments, the first of which was made in 1962 by taking a stake in FEMSA, a former manufacturer of auto parts in Spain that is now part of Through its Global Trade Finance Program, the IFC guarantees trade payment obligations of more than 200 approved banks in over 80 countries to mitigate risk for international transactions.The IFC operates a Syndicated Loan Program in an effort to mobilize capital for development goals. Its goals are to increase The IFC is owned and governed by its member countries but has its own executive leadership and staff that conduct its normal business operations. The program was created in 1957 and as of 2011To service clients without ready access to low-cost financing, the IFC relies on structured or securitized financial products such as partial credit guarantees, portfolio risk transfers, and The IFC fulfills a treasury role by borrowing international capital to fund lending activities. IFC was established in 1956 with the specific purpose of financing private enterprises. That’s where IFC comes in—we have more than 60 years of experience in unlocking private investment, creating markets and opportunities where they’re needed most. It is a The corporation is assessed by an independent evaluator each year. It is an affiliate of IBRD.
The IFC's total investment program was reported at a value of $18.66 billion for fiscal year 2011. Functions of International Finance,International finance functions -International Banks were the victims of debt default of many governments in the 80s. It was established in 1956, as the private-sector arm of the World Bank Group, to advance Since 2009, the IFC has focused on a set of development goals that its projects are expected to target. Its core mobilization, which consists of participation and parallel loans, structured finance, its Asset Management Company funds, and other initiatives, grew from $5.38 billion in 2010 to $6.47 billion in 2011.