Ifc (Noun)
Meaning
A United Nations agency that invests directly in companies and guarantees loans to private investors; affiliated with the World Bank.
Classification
Nouns denoting groupings of people or objects.
Examples
- The International Finance Corporation, or IFC, is the largest global development institution focused exclusively on the private sector in developing countries.
- The IFC provides financing to companies in developing countries through loans, equity investments, and guarantees.
- The IFC has invested in over 2,000 companies in more than 100 countries, with a total portfolio of over $50 billion.
- The IFC works with private sector companies to create jobs, stimulate economic growth, and improve living standards in developing countries.
- The IFC is a member of the World Bank Group and is headquartered in Washington, D.C.