International Finance Corporation (IFCor the Corporation) is the largest global developmentinstitution focused on the private sector in developingcountries. Established in 1956, IFC is owned by 184 membercountries, a group that collectively determines itspolicies. IFC is a member of the World Bank Group (WBG)1 butis a legal entity separate and distinct from IBRD, IDA,MIGA, and ICSID, with its own Articles of Agreement, sharecapital, financial structure, management, and staff.Membership in IFC is open only to member countries of IBRD.At the 2013 Spring Meetings, the WBG adopted two ambitiousgoals: to end extreme poverty by 2030 and to boost sharedprosperity for the poorest 40 percent in developingcountries. At the Annual Meetings in October 2013, the Boardof Governors approved the first strategy for the WBG focusedon delivery of transformational solutions, marshalingcombined resources more effectively, and acceleratingcollaboration with the private sector and our developmentpartners. IFC s strategic focus areas are: strengthening thefocus on frontier markets; addressing climate change andensuring environmental and social sustainability; addressingconstraints to private sector growth in infrastructure,health, education, and the food-supply chain; developinglocal financial markets; and building long-term clientrelationships in emerging markets.