This is a story of experience - anunparalleled body of knowledge built up in the toughestmarkets, under the most challenging conditions, and appliedto address the world’s most urgent development challenges.Six decades ago, a few dozen countries made a calculated beton the transformative potential of the private sector indeveloping countries. They put up 100 million dollars incapital and established International Finance Corporation(IFC) to reinforce the work of the World Bank in spurringgrowth and development. Today, IFC is the largest globaldevelopment institution focused on the private sector,having delivered nearly 250 billion dollars in financing tobusinesses in emerging markets. Throughout its history, IFChas introduced new approaches to meet the needs ofdeveloping countries. IFC consistently brought to bear adistinctive set of advantages in working with the privatesector to end extreme poverty and boost shared prosperity -a history of innovation, a mandate for global influence, anunderstanding of the demonstration effect of its actions,and a determination to achieve measurable developmentimpact. Six decades of experience and a record of innovationand thought leadership in private sector development havemade the organization essential for creating opportunitywhere it’s needed most.
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