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IFC: Driving Sustainable Private Sector Growth for Global Development
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector. Through innovative financial solutions and strategic partnerships, IFC works with businesses in developing countries to create jobs, build vital infrastructure, and promote sustainable practices.
IFC's Core Mission
IFC's mission is to:
- Promote sustainable economic growth in developing countries.
- Help businesses create jobs and opportunities.
- Support infrastructure development.
- Encourage private sector investment.
IFC's Impact
IFC's work has a significant impact on global development. In 2020, IFC:
- Invested $10.3 billion in businesses in developing countries.
- Mobilized $60 billion in additional financing from other investors.
- Helped create 5.6 million jobs.
IFC's Commitment to Sustainability
IFC is committed to sustainability and environmental protection. All of its investments undergo rigorous environmental and social assessments to ensure they meet high standards of environmental and social responsibility.
Conclusion
As a leading global development institution, IFC plays a vital role in driving sustainable private sector growth in developing countries. Through its innovative financial solutions, strategic partnerships, and unwavering commitment to sustainability, IFC empowers businesses to create jobs, build vital infrastructure, and promote sustainable practices.
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