The International Finance Corporationifcis A Global Development Institution And A Member Of The World Bank Groupestablished In 1956 And Headquartered In Washingtond Cits Mission Is To Promote Economic Development In Developing Countries By Investing In The Private Sectoraiming To Create Opportunities For People To Escape Poverty And Improve Their Living Standards The Ifc Offers A Variety Of Services To Support Private Sector Developmentincluding Investment Services That Provide Debt And Equity Financing For Commercial Projectsadvisory Services That Guide Companies On Strategic Decisions And Sustainabilityand Asset Management To Mobilize Capital For Development Initiativesthe Organization Also Created The Emerging Markets Data Basewhich Has Been Pivotal In Defining Emerging Markets As A Distinct Asset Classwith A Membership Of 186 Countriesthe Ifc Plays A Significant Role In Advancing Economic Growth And Poverty Reduction Worldwide
