International Finance Corporation (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 is committed to promoting sustainable economic growth in developing countries by supporting private sector development.
- As a member of the World Bank Group, the International Finance Corporation works closely with governments and businesses to create opportunities for low-income communities.
- The mission of the International Finance Corporation is to help reduce poverty by mobilizing capital from private investors to finance projects in emerging markets.
- To address the energy crisis in many developing countries, the International Finance Corporation has launched several initiatives aimed at investing in renewable energy projects.
- Through its loan guarantee programs, the International Finance Corporation has been able to attract more private investment in sectors critical to economic development, such as infrastructure and healthcare.