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Topic: International Finance Corporation


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In the News (Fri 4 Jul 08)

  
  International Finance Corporation - Wikipedia, the free encyclopedia
Established in 1956, IFC is the largest multilateral source of loan and equity financing for private sector projects in the developing world.
IFC's share capital, which is paid in, is provided by its member countries, and voting is in proportion to the number of shares held.
IFC's authorized capital (the sums contributed by its members over the years) is $2.45 billion; IFC's net worth (which includes authorized capital and retained earnings) is considerably larger and at the end of June, 2006, was $9.8 billion.
en.wikipedia.org /wiki/International_Finance_Corporation   (680 words)

  
 FINANCE CORNER: International Finance Corporation
The International Finance Corporation (IFC), a member of the World Bank Group, was established in 1956 as a multilateral loan and equity financing source for private companies interested in investing or pursuing projects in developing countries but which are not ready to invest on their own.
IFC’s three main services are: (1) investing funds to finance private sector projects; (2) aiding private companies in mobilizing financing in international financial markets; and (3) providing advice and technical assistance to businesses and governments.
IFC is currently expanding its support for small and medium-size enterprises (SMEs) through leasing and credit operations, and trying to replicate the successful micro-lending experience it has had in Georgia and Ukraine to Russia and Armenia.
www.bisnis.doc.gov /BISNIS/BULLETIN/march02bull8.htm   (797 words)

  
 Netherlands Corporate News - Visa International ondersteunt 'International Finance Corporation Gl..
IFC's Global Credit Bureau Program aims to meet this critical need by introducing international best practice in credit reporting, corporate governance, and risk management." IFC is an internationally recognized leader in advancing credit bureau development.
IFC works with financial institutions to improve their understanding of the value and use of credit information.
About the IFC: The International Finance Corporation is the private sector arm of the World Bank Group and is headquartered in Washington, D.C. IFC coordinates its activities with the other institutions of the World Bank Group but is legally and financially independent.
www.netherlandscorporatenews.com /archive/en/2005/10/03/f053.htm   (683 words)

  
 News - International Finance Corporation (IFC)
The IFC is a member of the World Bank Group and is headquartered in Washington, D.C.  It shares the primary objective of all World Bank Group institutions: to improve the quality of the lives of people in its developing member countries.
To be eligible for IFC financing, projects must have the prospect of being profitable for investors, benefit the economy of the host country, and comply with stringent social and environmental guidelines.  The IFC finances projects in commercial sectors including infrastructure, financial services, manufacturing, tourism, and many others.
To ensure the participation of investors and lenders from the private sector, the IFC limits the total amount of debt and equity financing it will provide for any single project to 25 percent of total estimated project costs; it will not normally hold more than a 35 percent stake or be the largest shareholder.
web.worldbank.org /WBSITE/EXTERNAL/NEWS/0,,contentMDK:20040646~menuPK:34480~pagePK:34370~theSitePK:4607,00.html   (605 words)

  
 International Finance Corporation - Navigation3
The mission of IFC (www.ifc.org) is to promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people’s lives.
IFC finances private sector investments in the developing world, mobilizes capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to governments and businesses.
IFC’s worldwide committed portfolio as of FY03 was $16.8 billion for its own account and $6.6 billion held for participants in loan syndications.
ifcln001.worldbank.org /ifcext/mediahub.nsf/Content/SelectedPR?OpenDocument&UNID=B7F1F03C641C278885256E390057A467   (513 words)

  
 Bank Information Center USA : International Finance Corporation   (Site not responding. Last check: 2007-11-07)
IFC is one of the fastest growing institutions in the World Bank Group, with a committed portfolio of over USD 16.8 billion as of June 2003.
IFC's stated mission is “to promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people's lives.” While the World Bank (IBRD and IDA) provides credit and non-lending assistance to governments, IFC provides loans and equity financing, advice, and technical services to the private sector.
IFC also plays a catalytic role, by mobilizing additional capital through loan syndication and by lessening the political risk for investors, enabling their participation in a given project.
www.bicusa.org /bicusa/issues/international_finance_corporation/index.php   (1716 words)

  
 International Finance Corporation - Search Press Releases (English)
This is IFC’s largest financing program to date and marks a new approach for the corporation to trade finance, an area where smaller companies in developing countries are often at a disadvantage and which is of critical importance to economic growth.
IFC intends to cooperate with other international financial institutions to help create a coordinated global trade network which will benefit the development objectives we all share,” said Javed Hamid, IFC director for East Asia and the Pacific.
IFC’s worldwide committed portfolio as of FY04 was $17.9 billion for its own account and $5.5 billion held for participants in loan syndications.
ifcln101.worldbank.org /ifcext/pressroom/ifcpressroom.nsf/PressRelease?openform&7C82A87139EA60A785256F50005CDF7F   (507 words)

  
 International Finance Corporation --  Britannica Concise Encyclopedia - The online encyclopedia you can trust!   (Site not responding. Last check: 2007-11-07)
The IFC is headed by a president, who also serves as president of the World Bank; governors and executive directors of the World Bank also serve at the IFC, though it has its own operational and legal staff.
The IFC seeks to diversify its investments, having funded projects in the fields of tourism development, animal feeds, iron and steel, fertilizers, and textiles.
After the end of the Cold War, demand for IFC loans increased among countries in eastern Europe and among the former republics of the Soviet Union.
www.britannica.com /ebc/article-9042586   (368 words)

  
 International Finance Corporation - Navigation3   (Site not responding. Last check: 2007-11-07)
Through the program, IFC provides guarantee coverage of bank risk in emerging markets, allowing recipients to expand their trade finance transactions within an extensive network of countries and banks.
About IFC The mission of IFC (www.ifc.org) is to promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people’s lives.
IFC’s worldwide committed portfolio as of FY2004 was $17.9 billion for its own account and $5.5 billion held for participants in loan syndications.
www.gcgf.org /ifcext/mediahub.nsf/Content/SelectedPR?OpenDocument&UNID=A3AD4943B1BFC5F385257074005A00B2   (606 words)

  
 International Finance Corporation - Projects
Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision.
IFC investment will be for an amount up to $6 million representing a shareholding of 13% in IMGC.
IFC has played the role of catalyst in this project by bringing together strong and complementary international technical partners and going forward, expects to play a role of technical expert on the Board of IMGC, by using its expertise as an investor in the housing sector in a number of developing countries.
wbln0018.worldbank.org /IFCExt/spiwebsite1.nsf/2bc34f011b50ff6e85256a550073ff1c/a237ab1b22c7c86e85256d3a007af449?OpenDocument   (1115 words)

  
 International Finance Corporation
The sensitivity of the economy to fluctuations in international oil prices had been reduced by investment income, which amounted to 86% of oil export receipts in 1989, reflecting Kuwait's large stock of foreign assets.
Chief among these are re-establishing the country’s tradition of saving for future generations; providing employment for the growing number of nationals entering the labor force; and restoring the integrity of the financial sector.
IFC strategy in GCC countries focuses on institution-building in the financial sector to promote financial deepening, efficient resource mobilization and financial intermediations, and financial integration between GCC and other Arab countries.
www.arabchamber.com /arab-countries/kuwait/y/international_finance_corporatio.htm   (822 words)

  
 International Finance Corporation - Navigation3
IFC’s International Bank Lending Catalytic Role in $395 Million Syndicated Loan to MTN Nigeria Scoops “Africa Telecoms Deal of the Year” Award
The Project Finance (http://www.projectfinancemagazine.com) award for IFC’sinternational and local bank lending - catalyzing role in the MTNN financing package represents a dual accolade to its Sub-Saharan Africa and Global Information & Communications Technologies departments.
Since its first investment in 1956, IFC has committed financing to projects in Nigeria amounting to $181 million as of FY 2003 – the largest country portfolio in Africa.
ifcln001.worldbank.org /ifcext/mediahub.nsf/Content/SelectedPR?OpenDocument&UNID=9724107146BE3FF985256E4E0050797E   (330 words)

  
 International Finance Corporation
The Kingdom has invested heavily in healthcare, and facilities generally have been financed directly by the government through the establishment of hospitals and clinics and by generous incentive and support programs to private-sector institutions.
Corporate taxes on foreign companies, after a tax holiday for joint ventures, are applied to the portion of income attributable to the foreign partner, excluding GCC nationas.
In Saudi Arabia, in particular, there are opportunities for IFC in technical assistance, developing institutions to provide finance to smaller companies, and in establishing a fund for listed and unlisted securities, which would help capital markets development and privatization.
www.thesaudi.com /saudi-arabia/international_finance_corporatio.htm   (1281 words)

  
 International Finance Corporation - IFC Home
IFC and Carbon Finance: Building for the Future
This form of financing is especially appropriate for smaller firms, who...
Serbia: IFC to Advise in Restructuring Jat Airways
www.ifc.org   (250 words)

  
 INTERNATIONAL FINANCE CORPORATION
IFC Executive Vice-President, Peter Woicke, is responsible for the overall management of day to day operations.
IFC is the largest multilateral source of loan and equity financing for private sector projects in developing countries.
In the IFC report Project Finance in Developing Countries, Ahmed and Fang found that through project finance, IFC indirectly encourages enactment of good public policy and regulation.
www-personal.umich.edu /~fkabo/pages/up538handbook.html   (850 words)

  
 The International Finance Corporation
The International Financial Corporation (IFC) is part of the World Bank Group, but unlike the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD) which work with governments, the IFC makes direct loans to businesses investing in private enterprise in developing countries.
Though IFC’s work is focused on promoting private sector investment in developing countries, its mission is to do so in order to reduce poverty and improve people’s lives.
IFC information disclosure policy requires three documents be made publicly available: the Summary of Project Information (a summary of proposed projects), the Environmental Assessment, and the Environmental Review Summary.
www.ciel.org /Ifi/ifc1.html   (305 words)

  
 International Finance Corporation
In the future, IFC could consider involvement in the financial sector which could encourage higher savings rates and the efficient channelling of savings into productive investment.
Possible areas for IFC's consideration might be universal banks, which could contribute to the development of housing finance and the securities markets, and leasing companies, which could be an important source of finance for small and medium-sized companies.
In the industrial sectors, IFC could consider investments in the steel sector, in textiles and in pulp and paper.
www.arabchamber.com /arab-countries/syria/Y/international_finance_corporatio.htm   (746 words)

  
 International Finance Corporation - Projects
The Kanoria family, a joint business family from Calcutta, controls 50.6% of SREI International Finance, with rest of the ownership allocated among: IFC (9.1%), DEG (the German government’s development agency)(3.5%), FMO (the Dutch government’s development agency)(6.1%), domestic financial institutions and banks (14.3%), and non-resident Indians and the general public (16.4%).
SREI International Finance is headquartered Calcutta and has several offices throughout the country.
SREI is one of the few private financial institutions in India that have been engaged in financing assets in the infrastructure sector.
wbln0018.worldbank.org /IFCExt/spiwebsite1.nsf/2bc34f011b50ff6e85256a550073ff1c/6e4148a69d6a243e852568b00063cce8?OpenDocument   (391 words)

  
 International Finance Corporation - Home   (Site not responding. Last check: 2007-11-07)
They are based on the environmental and social standards of the IFC, and apply globally to development projects in all industry sectors with a capital cost of $50 million or more.
IFC and the Financial Times have launched the Sustainable Finance Awards, the first truly global awards program recognizing banks that have actively integrated social and environmental objectives into their operations.
International Finance Corporation has begun reviewing public comments from its final comment period, which ended November 25, and revising a final draft Policy and Performance Standards on Social and Environmental Sustainability and final draft Policy on Disclosure of Information.
equatorprinciples.ifc.org /ifcext/equatorprinciples.nsf   (364 words)

  
 International Finance Corporation - Navigation3   (Site not responding. Last check: 2007-11-07)
In early 2001, IFC also began to explore ways to help clients identify opportunities to enhance their environmental, social, and corporate governance performance, while also improving their bottom line results.
One consequence of this effort was the development of IFC’s Sustainability Framework, an analytical methodology for evaluating the expected environmental, social, and corporate governance impact of IFC projects.
IFC’s worldwide committed portfolio as of FY04 was US$17.9 billion for its own account and US$5.5 billion held for participants in loan syndications.
www.gcgf.org /ifcext/mediahub.nsf/Content/SelectedPR?OpenDocument&UNID=3EBFD883AC79826485256F25005B8833   (477 words)

  
 Corporate Governance Resources - Private Sector Development - The World Bank Group
The basic principles of corporate governance—fairness, transparency, accountability and responsibility—are relevant all over the world.
By adopting principles of good corporate governance, companies in developing countries can often command higher valuations, improve their profitability, and gain better access to outside capital than their poorly governed peers.
Of course, applying the standards of good corporate governance is not always easy among various legal, economic and social systems.
rru.worldbank.org /Themes/CorporateGovernance   (237 words)

  
 International Finance Corporation   (Site not responding. Last check: 2007-11-07)
The International Finance Corporation (IFC), a member of the World Bank Group, shares the primary objective of all Bank Group Institutions: To improve the quality of the lives of people in its developing member countries.
IFC in Africa: In Africa, the IFC supports the private financial sector including the microfinance industry through equity investments, loan facilities and guarantees.
During 2001 the IFC completed 18 investment transactions in financial institutions for a total of $235 million.
www.africapfund.com /site/rubrique.php3?id_rubrique=26   (214 words)

  
 International Finance Corporation on Encyclopedia.com   (Site not responding. Last check: 2007-11-07)
Met-Pro Corporation's International Division Receives Equipment Orders Totaling Approximately $500,000.
CRA International Announces Executive Appointment; J. Phillip Cooper Promoted to Vice Chairman; Financial Management Veteran Wayne D. Mackie will Join CRA to Become Vice President and CFO.
Liu Chuanzhi, Chairman, Legend Group Corporation, PRC, second from left.
www.encyclopedia.com /html/x/x-i1ntlf1ina.asp   (505 words)

  
 International Finance Corporation - Search Press Releases (English)
IFC, the private sector arm of the World Bank Group, has identified bank training as a key priority for private sector development in Iraq: the financial sector’s access to state-of-the art practices has been highly constrained by years of rigidly statist economic management, successive wars, and international economic sanctions.
By upgrading the technical and managerial capacity of the financial sector, IFC aims to reinvigorate private sector development and job creation in Iraq through helping banks better fulfill their intermediation role in the economy.
Sami Haddad, IFC director for the Middle East and North Africa, said, “IFC considers developing a sound financial sector a key step towards private sector development in a post-conflict economy.
ifcln101.worldbank.org /ifcext/pressroom/ifcpressroom.nsf/PressRelease?openform&2A23E7B076847BAC85256F15005A7B39   (625 words)

  
 Pravda.RU International Finance Corporation takes "Corporate Management in Russia" project off the ground
Joint-stock companies to receive training in corporate management at seminars and consultations will be selected on the basis of questionnaires and analysis of their current corporate practice.
The International Finance Corporation /IFC/ is taking off the ground the project "Corporate Management in Russia" in Samara /the Volga area/, project manager Sebastian Molineus said at a press conference.
It will be led by the Swedish international development agency SIDA and the municipal education authority of the Kaliningrad Region AMOKO, with the partnership of the administration and Duma of the region.
english.pravda.ru /region/2002/05/30/29533.html   (1891 words)

  
 SAS Success Story: International Finance Corporation   (Site not responding. Last check: 2007-11-07)
Established in 1956, the International Finance Corporation (IFC) is the largest multilateral source of loan and equity financing for private sector projects in the developing world.
As a member of the World Bank Group, IFC shares the primary objective of all World Bank Group institutions: to improve the quality of the lives of people in its developing member countries.
IFC's HR needed a Web-based decision-support and reporting application to integrate and deliver workforce information from PeopleSoft and Lotus Notes databases to senior management and HR professionals.
www.sas.com /success/ifc.html   (629 words)

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